The Law Office of Joseph Klein 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. Elliott Associates LP, a
hedge fund which failed to take Novell private in March of this year,
would get seven-percent of the merged company for its seven-percent
stake in the Company.
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 Klein, Esq. directly, via email at email@example.com,
by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www.jkleinlawfirm.com/novellinc.html.
Joseph Klein, Esq. is an experienced attorney and has also practiced as
a Certified Public Accountant. Mr. Klein represents investors and
participates in securities litigations involving financial fraud
throughout the nation.
The Law Office of Joseph Klein
Joseph Klein, Esq.
Brooklyn, NY 11229
Toll Free: (877) STOK-180 (877-786-5180)