Kendall Law Group Launches Shareholder Investigation into Novell Inc. Acquisition

Kendall Law Group, a national shareholder rights law firm, launched an investigation into Novell Inc. (NASDAQ: NOVL) in connection with the proposed acquisition by Elliott Associates, L.P. The firm is concerned that the Board of Directors of Novell may breach their fiduciary duties by failing to seek other deals to better represent the value of the company if they agree to this proposal. If you are a Novell shareholder, we encourage you to contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com to discuss your personal circumstances.

On March 2, 2010, media reports indicated that Elliott Associates offered to purchase Novell in a $2 million transaction. The proposal offers $5.75 in cash per NOVL share owned, which represents a 21% premium over the $4.75 closing price on March 2, 2010. Analyst Richard Williams indicated that the “deal price is on the low side compared to recent deals that were transacted in the enterprise software space.” He also stated that he expects to see higher bid prices from rival companies. Investors may have significant recourse against the Board of Directors if they are found to have breached their fiduciary duties.

Kendall Law Group, founded by a former federal judge, has been counsel in many merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as a Novell shareholder by calling the firm.

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