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Private-Equity Firms In Deal To Acquire Novell For $2.2 Billion

DOW JONES NEWSWIRES An investor group led by a trio of private-equity firms is acquiring software company Novell Inc. (NOVL) for about $2.2 billion, expanding the group's portfolio of products and technologies to allow it deliver solutions from information security to cloud computing. Novell also reached a deal to sell some intellectual property assets to CPTN Holding LLC, a consortium of tech companies organized by Microsoft Corp. (MSFT), for $450 million. That is part of the takeover's total price tag. Attachmate Corp.--owned by an investment group led by Francisco Partners, Golden Gate Capital and Thoma Bravo--sells software to companies running older applications. Under the deal, expected to close early next year, Attachmate will pay $6.10 a share, a 9.1% premium to Friday's closing price. The stock was already up 35% this year through Friday's close as the company put itself on the block in March after receiving a takeover offer at $5.75 a share from a hedge-fund operator. The stock has traded above $6.10 in recent months before selling off lately amid the lack of a firm takeover deal. Attachmate plans to operate Novell as two business units, Novell and SUSE, and join them with their Attachmate and NetIQ businesses. Novell President and Chief Executive Ron Hovsepian said those four have complementary product portfolios and many shared customers. He added Novell's board after a "thorough review of a broad range of alternatives" concluded the deals were the best alternative. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Novell (NOVL)
DateTimeHeadline
04/20/201118:21:09S&P: Chipotle To Replace Novell In S&P 500 After Takeover
04/20/201111:21:35DOJ: CPTN Changes Deal To Buy Novell Patents To Ease Antitrust...
03/03/201117:05:11Novell Swings To 1Q Loss On Charges; Revenue, Margins Slide
12/02/201017:17:37Novell Swings To 4Q Profit On Tax Gain, Year-Ago Write-Down
11/22/201017:07:09MARKET SNAPSHOT: U.S. Stocks Bounce Off Lows As Ireland Seeks...
11/22/201016:40:50TECH STOCKS: Netflix, Novell Pace Broad Tech Gains
11/22/201014:59:29MARKET SNAPSHOT: U.S. Stocks Drop As Financials Lead Retreat
11/22/201014:29:32TECH STOCKS: Netflix, Novell Advances Lead Tech Action
11/22/201012:32:31MARKET SNAPSHOT: U.S. Stocks Drop As Ireland Seeks Aid
11/22/201009:35:46Private-Equity Firms In Deal To Acquire Novell For $2.2 Billion
10/12/201011:31:38EARNINGS PREVIEW: US Software Firms Expected To Show Growth
08/26/201017:01:08Novell Fiscal 3Q Profit Down 5.9% On Lower Revenue, Margins
08/21/201000:20:25MARKET SNAPSHOT: Job, Double-dip Fears Overshadow Strong Earnings
08/09/201017:38:27Novell Trims 3Q Revenue Target; Cites Customer Uncertainty
05/27/201016:53:09Novell 2Q Profit Up 28% On Lower Expenses; Revenue, Margins Down
05/23/201013:26:30MARKET SNAPSHOT: U.S. Stock Market Mulls Implications Of Correction
03/22/201016:57:07TECH STOCKS: Novell, Disk Drivers Lead Broad Tech Advance
03/22/201010:31:20TECH STOCKS: Novell Gains Lead Tech Trading Action
03/22/201008:19:13Novell To Review Options As It Rejects Elliott Takeover Bid
03/20/201016:56:37Novell Board Rejects Elliott Associates' Unsolicited Bid

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