Attachmate Corporation technology and Novell has decided to give $ 6.10 per share in cash in a transaction valued at approximately $ 2,200,000,000. Attachmate is managed by an investment group Francisco Partners, Golden Gate Capital and Thoma Bravo.
The $ 6.10 per share represents a premium of 9% share of closing the software maker's business back from last Friday.
Novell also conducting a definitive agreement to sell certain intellectual property CPTLN companies, a consortium of technology companies Microsoft, organized by $ 450 million in cash, announced the payment is reflected in the merger will be paid by Attachmate Corporation entered.
The offer represents a premium of 28% over the closing price on March 2, 2010 Novell, the last trading day before the announcement of the proposal from Elliott Associates 'for all the shares of Novell for $ 5.75 for action' acquisition. The software giant had rejected the offer of a few weeks later it was not enough as a command and says: He said that stocks of undervalued companies software maker Novell Inc. (NOVL) jumped more than 6.5 per cent Attachmate Corp. agreed last week after Waltham, Massachusetts-based company for $ 2.2 billion in cash, or $ 6.10 per share gain. Novell, said the transaction, which was a premium of 7% to $ 5.59 Friday to close represented a job offer is open to $ 5.75 per share, the hedge fund Elliott Associates offer two billion U.S. dollars in March Novell as undervalued the company are described.
"Our Board of Directors has concluded that the best available alternative was the combination of a merger with Attachmate Corporation and the sale of intellectual property rights to the consortium," said Novell CEO Ron Hovsepian said in a statement released Monday. "We are pleased that these transactions are in accordance with the value of Novell's relationships, technologies and solutions, providing our shareholders an attractive cash premium for their investment."
Novell also announced that an agreement, a portion of their intellectual property CPTLN Holdings LLC, a consortium of technology companies Microsoft Corp. (MSFT), organized the sale of 450 million U.S. dollars in the bar closed.
The transaction is expected to close in the first quarter of fiscal 2011.