Monday, November 22, 2010

Attachmate Buys Novell

Houston-based Attachmate announced today that it is in a definitive agreement to acquire Novell, in a deal worth approximately $2.2 billion, or $6.10 per common share in cash. Attachmate is owned by an investment group led by Francisco Partners, Golden Gate Capital, and Thoma Bravo. As part of the acquisition, Attachmate said Elliott Management Corporation, one of Novell's largest shareholders, will become an equity shareholder in Attachmate.