Novell Jumps Early on Rejection of Weak Acquisition Bid (NOVL)

3/22/2010-Shares of Novell Inc. NOVL are trading 4.8% higher to $5.91 premarket Monday after the maker of Linux operating-system software said yesterday that a $5.75-a-share acquisition offer from Elliott Associates LP is "inadequate" and undervalues the company.

Write to Chip Brian at cbrian@tradethetrend.com

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