Become a fan of Slashdot on Facebook


Forgot your password?
Back for a limited time - Get 15% off sitewide on Slashdot Deals with coupon code "BLACKFRIDAY" (some exclusions apply)". ×
Businesses Linux Business Novell SuSE

Novell Rejects "Inadequate" $2B Takeover Bid 111

alphadogg writes "Novell's CEO wrote to customers Saturday telling them that the software company has rejected a $2 billion bid by hedge fund Elliott Associates to take it private. He called the offer 'inadequate' and said Novell will review alternatives. Novell has struggled financially even as it has reinvented itself from its NetWare network operating roots into an open source (SUSE and Ximian) and management and security software company. Revenue fell 10% during its most recent fiscal year (wrapped up in October) and its net losses widened. CEO Hovsepian's total compensation fell 17% to $5.7 million."
This discussion has been archived. No new comments can be posted.

Novell Rejects "Inadequate" $2B Takeover Bid

Comments Filter:

The hardest part of climbing the ladder of success is getting through the crowd at the bottom.