Levi & Korsinsky is investigating the Board of Directors of Novell, Inc.
(?Novell? or the ?Company?) (NasdaqGS: NOVL) for possible breaches of
fiduciary duty and other violations of state law in connection with
their attempt to sell the Company to Attachmate Corporation
(?Attachmate?). Under the terms of the transaction, Novell shareholders
will receive $6.10 in for each share they own for a total transaction
value of approximately $2.2 billion. Attachmate is owned by an
investment group led by Francisco Partners, Golden Gate Capital and
Thoma Bravo. The hedge fund Elliott Associates LP, one of Novell's
largest shareholders, will become an equity shareholder in Attachment.
Click here to learn how to join the action: http://www.zlk.com/novell-novl.html,
or call: 877-363-5972.
The investigation concerns whether the Novell Board of Directors
breached their fiduciary duties to Novell stockholders by failing to
adequately shop the Company before entering into this transaction and
whether Attachmate is underpaying for Novell shares, thus unlawfully
harming Novell stockholders. In particular, Novell stock has traded as
high as $6.53 on September 22, 2010 and at least one analyst has set a
price target for Novell stock at $7.50 per share.
If you own common stock in Novell and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/novell-novl.html.
Levi & Korsinsky has expertise in prosecuting investor securities
litigation and extensive experience in actions involving financial fraud
and represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. The attorneys at Levi
& Korsinsky have been appointed by numerous courts throughout the
country to serve as lead counsel on behalf of shareholders in major
litigations involving mergers and acquisitions. For more information,
please feel free to contact any of the attorneys listed below.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Toll Free: (877) 363-5972
Fax: (212) 363-7171