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Hedge Fund Offers to Buy Novell

Story: Novell: Linux Breaks Even as Microsoft Deal Revenues WaneTotal Replies: 1
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henke54

Mar 03, 2010
5:03 AM EST
Quoting:Elliott Associates LP, a hedge fund that holds an 8.5% stake in Novell Inc., offered to buy the rest of the software company for about $1.8 billion.

Novell shares, which were off 1% in 4 p.m. trading, surged 30% in late trading to $6.15, above the $5.75 offer price Elliott disclosed in a letter to Novell's board.
http://online.wsj.com/article/SB1000142405274870454860457509...

Quoting:William said there could be more companies who would offer a similar bid for Novell as Elliot’s. HP, SAP, and Microsoft are expected to be the possible suitors.
http://www.themoneytimes.com/featured/20100303/elliot-offers...
Bob_Robertson

Mar 03, 2010
8:31 AM EST 		Hey, can we count the sale price of Novell as a "Linux sale", and boost the sales figures a bit?

I've gotten really tired of Microsoft always saying things like "Linux sales are negligible, that's how we know no one actually uses it."

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