Law Offices of Howard G. Smith announces that it is investigating
potential claims against the board of directors of Novell, Inc.
(?Novell? or the ?Company?) (NASDAQ:NOVL) related to the Company's
agreement to be acquired by Attachmate Corporation (?Attachmate?), which
is owned by an investment group led by Francisco Partners, Golden Gate
Capital and Thoma Bravo. The proposed cash transaction is valued at
approximately $2.2 billion.
Under the terms of the definitive agreement entered into by the parties,
Novell shareholders will receive $6.10 in cash for each share they own
of the Company's common stock. Novell shares traded as high as $6.53 per
share as recently as September 22, 2010. The transaction is expected to
close in the first quarter of 2011. The investigation concerns possible
breaches of fiduciary duty and other violations of law related to
approval of the proposed transaction by Novell's board of directors.
If you are a shareholder of Novell, if you have information or would
like to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire