Attachmate Buys Novell for $2.2 billion
Novell Inc., the maker of Linux operating-system computer software, agreed to become purchased by Attachmate Corp. for $2.2 billion, ending an 8-month strategic assessment aimed at reviving a business that had struggled to maintain progress.
Novell traders will get $6.10 a share, Attachmate, a computer software business owned by private-equity companies like Golden Gate Capital Corp., explained nowadays inside a assertion. That is 9.1 % greater than Novell’s closing price tag on Nov. 19. Novell will even offer some intellectual-property property to a group of technologies businesses led by Microsoft Corp. for $450 million.
The business, which has noted revenue declines for 3 from the previous 4 years, had hassle competing towards greater rivals including Microsoft. Novell commenced wanting at strategic alternate options like a sale soon after rejecting a $2 billion takeover give in March from shareholder Elliott Associates LP as insufficient.
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