Novell is Up for Sale, Not Red Hat

NOVELL has just been upgraded for some reason, maybe in anticipation of a takeover (Novell is up for sale). Novell recently warned that it would miss expectations, but it did turn out that Novell was still in the process of selling or going private (a similar thing).

As Motley Fool put it a couple of days ago, Singer’s bid is something to remember.

For instance, Novell (Nasdaq: NOVL) received an unsolicited bid from hedge fund Elliott Associates back in March. Although the company rejected the bid, the stock has continued to trade near the bid price

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