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NOVELL : The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Novell, Inc. in Connection with the Sale of the Company to Attachmate Corporation ľ NOVL

11/22/2010 | 11:45am EDT

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 jlevi@zlk.com 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.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171

ę Business Wire 2010
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