New York-based hedge fund Elliott Associates L.P. in a letter to Novell’s board of directors dated March 2 offered to purchase the infrastructure software company for a cash price of $5.75 per share, or $1 billion net of the cash on the company’s books.

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 shares soared 28 percent in after-hours trading today after institutional stockholder Elliott Associates offered to purchase the entire company for $5.75 a share in cash, or $1 billion.

Elliott Associates, the hedge fund that’s seeking to acquire Novell and SUSE Linux, is denying a report that it plans to break up Novell and sell off the pieces. Hmmm… But I still wonder: Will Novell and Elliott Associates reach a buyout agreement in time for Novell BrainShare? Here's some speculation.

It's rutting season for Novell's Ron Hovsepian and Elliott Associates' Singer as the company keeps diminishing but wants to be valued more generously

Novell's CEO on Saturday notified customers that the open source software company has rejected hedge fund Elliott Associates' roughly $2 billion bid to take it private.

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?

Novell BrainShare has the company's CEO, Ron Hovsepian, avoiding the subject of Elliott Associates, which still wants Novell acquired