Novell mulls hedge fund takeover

Money grabbers

No, they want more money.

The article shows how much Novell used to be worth.

Note the word "used".

Novell's value has been declining for years. IMHO The offer sounds like a good exit plan for the current shareholders. Unless a miracle happens, Novell's value will only continue to slide.

Hardly an investigation

The "investigation" is pure trolling by lawyers unconnected with the deal. They come up with a (usually thin) rationale for disapproving the deal and then try signing up as many shareholders as possible. If a shareholder lawsuit actually emerges, these guys will combine efforts with whomever else is attempting the same thing and grab a bunch of fees in the process.

BTW, I have no opinion about the buyout offer and don't know whether the terms are reasonable -- this is just how I read the link.

If Novell has strong shareholder loyalty, the Elliott offer obvously won't go anywhere. The other thing I've heard is that Elliot seldom actually completes their buyout offers. They leverage the offer to gain further control which gives them the ability to figure out their exit sooner rather than later.