Novell And Attachmate Purchased For $ 2.2 Billion

Novell is committed to Attachmate purchased for $ 2.2 billion in cash in a deal that will also see a group organized by Microsoft to collect intellectual property assets.
According to Novell, which announced the deal Monday morning, Attachmate Novell plans to operate as two business units - Novell and SUSE. Attachmate will join the two units at its main unit of Attachmate, that operates intelligent management of workload, and the unit of Attachmate NetIQ, which provides IT systems, security and performance management for IT operations of the company.

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The deal, which Novell said it is "final" than a previous offer for Novell made in March by hedge fund Elliott Associates, which offered $ 5.75 per share from Novell. Attachmate offers $ 6.10 per share. Novell shares traded at $ 5.95 per share in the early hours of Monday, indicating investors are betting that a competitive bid for Novell will not develop.
offered $ 6.10 per share represents a premium Attachmate 8% over the closing price of the shares of Novell on March 2, just before Elliott Associates submitted its initial offer.

"After a thorough review of a wide range of alternatives to enhance shareholder value, our Board of Directors concluded that the best available alternative was the combination of a merger with Attachmate Corporation and the sale of certain property assets intellectual consortium (Microsoft), "said Ron Hovsepian, Novell president and CEO, in a statement.
Novell acquired SUSE open source provider in 2003. Open source software is derived from the acquisition includes SUSE Linux Enterprise Server, SUSE Linux Enterprise Desktop and SUSE Moblin. In addition, Novell has operated a unit that sells open source software that was established in 2006 with Microsoft. Novell said that Microsoft organized a consortium of technology companies called CPTLN celebration that is going to buy "certain intellectual property assets for $ 450 million as part of the agreement of U.S. $ 2.2 billion.
Hovsepian said he hoped that Attachmate will "deliver significant benefits to Novell customers, partners and employees, providing opportunities for branding of Novell, innovation and market leadership."
Novell said it expects the deal, describing it as a merger to close in the first quarter of 2011, pending approval of regulators. An investment group led by Francisco Partners, Golden Gate Capital and Thoma Bravo owns Attachmate.
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