![]() Under Chief Executive Officer Ron Hovsepian, Novell is trying to reverse six straight quarters of sales declines. Novell stock has surged 22 per cent since March 2, when Elliott disclosed the $5.75-a-share offer. ![]() ![]() New York: Elliott Associates LP, the fund manager that made an unsolicited $2 billion (Dh7.34 billion) offer for Novell, would sell the NetWare networking-software unit if its bid succeeds, a person familiar with the matter said.Įlliott, which owns about 8.5 per cent of Novell stock, would also try to run the company more efficiently and bring about $400 million in cash that Novell holds offshore to the US, said the person, who asked not to be identified because details of Elliott's offer haven't been made public.Įlliott may also try to find a buyer for Novell's business that specialises in an open-source operating system, the person said.
0 Comments
Leave a Reply. |