Novell shares surge on sale rumor
Shares of software maker Novell Inc. jumped after a published report said the company is a few weeks away from selling itself in two parts.
Waltham-based Novell plans to sell a division that provides Linux operating system software separately from the rest of the company, the New York Post reported on its website, citing unnamed sources familiar with the deal. Novell spokesman Ian Bruce declined to comment on the report or speculation about a sale.
Novell has been considering a sale since March after it rejected a bid of $5.75 per share from the New York-based private equity firm Elliott Associates LP.
Novell shares rose 32 cents, or 5.8 percent, in mid-afternoon trading.