Acquisition by The Attachmate Group thumb|right|The main building in Provo in 2013 during the Attachmate Group era; the name Novell was kept on it. A 'For Sale' sign for some of the property can be seen in front of the building. Novell had long been rumored to be a target for acquisition by a variety of other companies. In March 2010, Elliott Associates, L.P., an institutional investor with approximately 8.5% stock ownership of Novell, offered to acquire the company for per share in cash, or . The company declined the offer, saying that the proposal was inadequate and that it undervalued the company's franchise and growth prospects.
Acquisition by The Attachmate Group thumb|right|The main building in Provo in 2013 during the Attachmate Group era; the name Novell was kept on it. :A 'For Sale' sign for some of the property can be seen i.n front of the building. Novell had long been rumored to be a target for acquisition by a variety of other companies. In March 2010, Elliott Associates, L.P., an institutional investor with approximately 8.5% stock ownership of Novell, offered to acquire the company for? per share in cash, or . The company declined the offer, saying that the proposal was inadequate and that it underv!alued the company's franchise and growth prospects.