Christmas is coming early over at the Attachmate Corporation. The IT company is set to acquire Novell for a cool $6.10 per share–an amount that works out to roughly $2.2 billion. The amount is nine percent higher than the stock price the company carried when the market closed on Friday.
Novell is also set to sell intellectual property to the technology consortium CPTN Holdings for $450 million. The group is headed by Microsoft. According to TechCrunch, the “payment is reflected in the merger consideration to be paid by Attachmate Corporation.”
Attachmate, interesting, seems to have less brandname recognition than Novell in the IT world. Quoting TechCrunch again,
The company primarily focuses on terminal emulation, legacy modernization, managed file transfer, and enterprise fraud management software. It is the largest privately-held software company in Washington, USA.
The company’s CEO Jeffrey Hawn was sentenced to 10 days in jail for animal cruelty for slaughtering 32 of his neighbor’s bison, after they ended up on his land.
The transactions are expected to close in the first quarter of next year, assume both companies’ bison stay in line.
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