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Hedge fund offers $1bn for Novell
- known 17y agoWhat will hedge fund do with Novell? Resell?
- allenp 17y agoYeah this is like house flipping.
- krakensden 17y ago"we believe the company's stock has meaningfully underperformed all relevant indices and peers. With over 33 years of experience in investing in public and private companies and an extensive track record of successfully structuring and executing acquisitions in the technology space, we believe that Elliott is uniquely situated to deliver maximum value to the company's stockholders on an expedited basis." Translation: we intend to lay everyone off, sell off everything they're doing that's not netware related, put lipstick on the corpse and sell it.