Francisco Partners

Attachmate Buys Software Firm Novell for $2.2 Billion

Software and computing services company Novell will sell itself to Attachmate for about $2.2 billion. The $6.10 per share price represents a premium of 28% to Novell's closing price on March 2, a day prior to the public disclosure of Elliott Associates' proposal to acquire Novell for $5.75 per share.