Novell buys back more of its convertible debentures due 2024 for $314 million

By Devika Patel

Knoxville, Tenn., Dec. 4 - Novell, Inc. said in a report of its financial results for the fourth quarter ended Oct. 31 that it repurchased some of its outstanding 0.5% convertible senior debentures due 2024 for $314 million in cash.

During the full fiscal year 2008, the company said in the report, $457 million in cash has been used to buy back the debentures.

The company is a Waltham, Mass.-based computer networking firm.

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