Novell Completes Merger with Attachmate and Patent Sale to CPTN Holdings LLC
WALTHAM, Mass. - April 27, 2011 - 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. (Nasdaq: NOVL), a leader in Intelligent Workload Management [
http://www.novell.com/workloadiq/ ], 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.
Novell, the Novell logo, and the N logo are registered trademarks and Novell Vibe
is a trademark of Novell, Inc. in the United States and other countries. *All third
party trademarks are the property of their respective owners.