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Novell Soars on Takeover Offer

Mar 02, 2010, 23:33 (4 Talkback[s])
(Other stories by Paul Shread)

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"Add Novell (NASDAQ: NOVL) shareholders to the list of those who have figured out how to earn money from open source technologies.

"Novell shares soared 28 percent in after-hours trading today after institutional stockholder Elliott Associates offered to purchase the entire company for $5.75 a share in cash, or $1 billion."

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