[ Thanks to The
VAR Guy for this link. ]
“Novell’s board has considered and rejected an
unsolicited $2 billion takeover bid from Elliott Associates, a
hedge fund that wants to swallow SUSE Linux and Novell’s
other core products. Novell’s rejection of the bid, announced
March 20, answers some questions but raises others on the eve of
BrainShare, the company’s big customer and partner event in
Salt Lake City, Utah. Now the twist: Novell’s board
essentially wrote an open letter to other potential suitors.
Here’s the analysis from The VAR Guy.“First, the back story (in case you missed it). Elliott
Associates already owns a chunk of Novell stock, and the hedge fund
earlier this month offered to buy the rest of Novell for about $1.8
billion.”