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+ - Novell on the block? $2B unsolicited offer.->

Submitted by ruphus13
ruphus13 (890164) writes "The mighty public FOSS companies are falling... Sun's gone, after a rough courtship and dance with IBM, Oracle and the EU. Red Hat may be the last man standing, with Novell receiving an unsolicited bid of $2B for Novell. According to the post, "After the close of trading in U.S. stock markets on Tuesday, Elliott Associates, L.P., a hedge fund with a significant position in shares of Novell, placed an unsolicited offer to buy the company for $2 billion. Its offer of $5.75 per share in cash is well above Novell's closing price today of $4.75 per share, and caused Novell's shares to rise above $6 in after hours trading. The offer places a high valuation on Novell, and the troubled company will have to consider it very carefully.""
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Novell on the block? $2B unsolicited offer.

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