Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Novell, Inc.

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Novell, Inc. (“Novell” or the “Company”) (Nasdaq:NOVL) related to an offer to acquire the Company from Elliott Associates, L.P. (“Elliott Associates”). The proposed cash transaction is valued at approximately $1.8 billion.

Under the terms of the offer, Elliott Associates would acquire all of the shares of Novell common stock it doesn't already own for $5.75 per share in cash. Elliott Associates currently owns approximately 8.5% of the common stock of Novell. The price offered represents a premium of approximately 21% over Novell’s closing price of $4.75 on March 2, 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to the Novell board of directors’ consideration of the proposed transaction.

If you own shares of Novell, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Novell, Inc. (MM) (NASDAQ:NOVL)
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