Law Office of Brodsky & Smith, LLC Announces
Investigation of Novell, Inc.
November 22, 2010 11:33 PM Eastern Time
BALA CYNWYD, Pa.--(EON: Enhanced Online News)--Law office of Brodsky & Smith, LLC announces that it
is investigating potential claims against the Board of Directors Novell, Inc. (“Novell”) or the “Company”) (Nasdaq:
NOVL) relating to the proposed acquisition by Attachmate Corporation (“Attachmate”).
Under the terms of the transaction, Novell shareholders would receive cash of $6.10 for each share of Novell stock
they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The
transaction appears to be unfair, in part, given that Novell traded at $6.51 a share as recently as September 22,
2010 and an analyst set a price target for Novell at $7.50 per share. In addition, in March of this year, Novell
rejected a $2 billion takeover offer from shareholder Elliott Associates LP as inadequate. Thus, shareholders need
additional information to know if Attachmate is underpaying for the company.
If you own shares of Novell and wish to discuss the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at
Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
email@example.com, visiting http://brodsky-smith.com/246-novl-novell-inc.html, or by calling toll
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire