Elliott welcomes Novell's call to sell company - Reuters

By
Viraj
on March 22, 2010 5:16 PM | | TrackBacks (0)
NOVL.O ), said it welcomed the business-software maker's decision to sell itself.

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NOVL.O ), said it welcomed the business-software maker's decision to sell itself. "We welcome the Board's decision to conduct a sale of the company, which we believe is the best way to maximize shareholder value," Elliott said in a statement.

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On March 20, Novell spurned Elliott's $2 billion takeover offer saying the bid was inadequate and undervalued.

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