Novell offering by Elliott
Gadget News Today about Novell a business software maker offering in stock market.Based reuters news ,When activist hedge fund Elliott Associates offer Novell, among analysts and reporters was that Elliott didn’t t really intend to buy the company, but rather force it into running a sale process and eventually finding a bigger tech company —
like an HP or a Microsoft — to buy it. That may well be how it plays out, but Elliott spokesman Scott Tagliarino said that the firm is dead serious about its offer.In fact, Elliott is no stranger to this type of deal, having made similar offers to a handful of small tech companies in the past. Typically, it owns large stakes in the companies it goes after. Last year, it was part of a private equity team that acquired MSC Software for about $360 million.
