Attachmate To Split Novell Into ‘Novell and SUSE’ Units
Attachmate Corporation set to acquire Novell for approximately $2.2 billion!
Attachmate Corporation are set to acquire Novell in a transaction valued
at approximately $2.2 billion! Attachmate Corporation will purchase
the Novell shares at $6.10 per unit. Novell has also entered into a
definite agreement for the concurrent sale of “certain intellectual
property assets” to the CPTN Holdings LLC consortium of technology
companies organised by Microsoft Corporation. This deal is for $450
million in cash.
“The addition of Novell to our Attachmate and NetIQ businesses
will enhance the spectrum of solutions we can offer to customers.
We fully support Novell’s commitment to its customers and we look
forward to continuing to invest for the benefit of Novell’s
customers and partners,” said Jeff Hawn, chairman and CEO of
Attachmate Corporation will split Novell into two business
units: Novell and SUSE. The acquisition is subject to customary
closing conditions, and subject to approval by Novell’s
stockholders. Novell currently expects these transactions to close
in the first quarter of 2011.