{"id":14379,"date":"2010-03-03T07:26:00","date_gmt":"2010-03-03T11:26:00","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=14379"},"modified":"2010-03-03T07:26:00","modified_gmt":"2010-03-03T11:26:00","slug":"hedge-fund-offers-to-buy-novell","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2010\/hedge-fund-offers-to-buy-novell.html","title":{"rendered":"Hedge Fund Offers to Buy Novell"},"content":{"rendered":"<p>WSJ &#8211; Elliott Associates LP, a hedge fund that holds an 8.5% stake in Novell Inc., offered to buy the rest of the software company for about $1.8 billion.<\/p>\n<p>Novell shares, which were off 1% in 4 p.m. trading, surged 30% in late trading to $6.15, above the $5.75 offer price Elliott disclosed in a letter to Novell&#8217;s board.<\/p>\n<p>Elliott said in its letter it believes Novell&#8217;s stock has &#8220;meaningfully underperformed all relevant indices and peers&#8221; as it attempted to diversify away from its original business with a string of acquisitions and changes in focus &#8220;that have largely been unsuccessful.&#8221;<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704548604575097973573986234.html?mod=WSJ_Tech_LEFTTopNews\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WSJ &#8211; Elliott Associates LP, a hedge fund that holds an 8.5% stake in Novell Inc., offered to buy the rest of the software company for about $1.8 billion. Novell shares, which were off 1% in 4 p.m. trading, surged [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14379","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/14379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=14379"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/14379\/revisions"}],"predecessor-version":[{"id":14380,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/14379\/revisions\/14380"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=14379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=14379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=14379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}