Deals
Novell to Be Bought by Attachmate for $2.2 Billion
This article is for subscribers only.
Novell Inc. agreed to be bought by Attachmate Corp. for $2.2 billion, ending an eighth-month strategic review aimed at reviving the Linux software maker that has struggled to sustain growth.
Novell investors will get $6.10 a share, Attachmate, a software company owned by private-equity firms including Golden Gate Capital Corp., said today in a statement. That’s 9.1 percent more than Novell’s closing price on Nov. 19. Novell will also sell some intellectual-property assets to a group of technology companies led by Microsoft Corp. for $450 million.