WALTHAM, Mass., April 27, 2011 /PRNewswire/ -- Novell, Inc.
(NASDAQ: NOVL), the leader in intelligent workload management,
today announced that it has completed its previously announced
merger, whereby Attachmate Corporation acquired Novell for
$6.10 per share in cash. Novell
is now a wholly owned subsidiary of The Attachmate Group, the
parent company of Attachmate Corporation.
Novell also announced that immediately prior to the completion
of its merger with Attachmate Corporation, it had completed its
previously announced sale of certain identified issued patents and
patent applications to CPTN Holdings LLC for $450 million in cash.
As a result of the merger, Novell's common stock will cease
trading on The NASDAQ Global Select Market at the close of business
on April 27, 2011, and Novell expects
to deregister and suspend its reporting obligations under the
Securities Exchange Act of 1934, as amended.
BNY Mellon Shareowner Services has been appointed to serve as
the agent for payment of the merger consideration to Novell's
stockholders, and will promptly mail to stockholders of record
instructions on how to surrender their stock certificates and
receive payment for their shares. If a stockholder's shares
are held by a broker, bank or other nominee and is not promptly
provided by them with instructions on how to receive payment for
the shares, the stockholder should contact them directly for such
instructions.
About Novell
Novell, Inc., a leader in intelligent workload management, helps
organizations securely deliver and manage computing services across
physical, virtual and cloud computing environments. We help
customers reduce the cost, complexity, and risk associated with
their IT systems through our solutions for identity and security,
systems management, collaboration and Linux-based operating
platforms. With our infrastructure software and ecosystem of
partnerships, Novell integrates mixed IT environments, allowing
people and technology to work as one. For more information, visit
www.novell.com.
Copyright © 2011 Novell, Inc. All rights reserved.
Novell, the Novell logo, the N logo, and SUSE are registered
trademarks of Novell, Inc. in the United States and other
countries. *All third party trademarks are the property of
their respective owners.
SOURCE Novell, Inc.