The hedge fund Elliott Associates said Tuesday afternoon that it had made an offer to buy Novell in a deal that valued the business software company at about $2 billion. Elliott said it would pay $5.75 a share in cash for Novell, a price that is 21 percent higher than Novell's closing stock price on Tuesday.

Novell's fast decline continues (and so does Microsoft's, its funding partner)

Novell is still up for sale and the financial market expects some announcement to come sooner or later

Novell is getting smaller and smaller while Red Hat expands, partly at Novell's expense

Novell (NOVL) slides and readers should be prepared for deception from Novell's PR

Novell as proof of incompetence in the financial 'oracles' sector

Spring has sprung, at least here in the Northern Hemisphere, and with it comes the blooming of flowers, the chirps of baby birds, and "Novell's Board of Directors reject[ing] Elliott Associates' unsolicited, conditional proposal as inadequate."

Elliott Associates has filed with the SEC its own required filing, a 13D/A with all the financing documents behind the Novell acquisition by Attachmate. It says it amends a February 12, 2010 13D, which shows Elliott through its various tentacles beginning to buy Novell stock on the open market in January. First, who are all the Elliott entities?

Coverage of what seems like the inevitable sale of Novell (NOVL) to other hands