Law Group, led by former federal judge Joe Kendall, is investigating
Novell, Inc. (NASDAQ: NOVL) for shareholders in connection with the
proposed acquisition by Attachmate Corporation. The national securities
firm's investigation seeks to determine whether Novell and its Board
breached their fiduciary duties by entering into the agreement without
properly shopping for a deal that would provide better value for
shareholders. If you are a Novell shareholder and would like additional
information about your rights, contact the Kendall Law Group at
877-744-3728 or by email at firstname.lastname@example.org.
On November 22, 2010, Attachmate announced the definitive merger
agreement under which Novell would be acquired by Attachmate, in a
transaction valued at approximately $2.2 billion. Under the terms of the
agreement, Novell stockholders will receive $6.10 in cash for each share
of Novell/NOVL common stock. Novell stock closed at prices as high as
$6.51 earlier this year and, according to Thompson/First Call, at least
one analyst has set a price target of $7.50 per share for Novell stock.
Due to these factors, the firm believes the transaction undervalues the
Kendall Law Group was founded by a former federal judge, includes a
former United States Attorney, prosecutors and securities lawyers who
are experienced in complex securities litigation. The firm has been
counsel in numerous merger and acquisition cases nationwide, including
some of the largest transactions in the United States.
Kendall Law Group LLP
Scott Kendall, 214-744-3000