The Law Office of Abe Shainberg is investigating the Board of Directors
of Novell, Inc. (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.
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. 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 Abe Shainberg, Esq. either via email at email@example.com
or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/novellinc-novl.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various matters
Abe Shainberg, Esq.
132 East 43rd Street, Suite 512
Tel: (212) 425-7286
Fax: (866) 699.3880