Hi Mark: Below is a list of all Novell shareholders who own 1% or
more of the stock. With 350 million shares outstanding, 5% of the
shares would calculate to 17.2 million shares. Any side deal would
have to be negoatiated (in advance) with Noorada, Ashton or Bastian
or even perhaps American Express.
Assuming all the 13 million shares that traded Friday were bought
by one suitor (which is highly unlikely), they would still require
control of one of the 1% holders shares to obtain their 5%. Also
based on Friday's action, there was close to 6 million shares traded
throughout the morning BEFORE the fast market run up. This leaves
about 7 million shares (or about 2%) which were purchased towards
the close. This can be confirmed as I did see over 2 million shares
trade in blocks of 100K at 11 1/2. I was also told by another
trader that another 5 million shares crossed in 'fast' market
conditions.
What is interesting is no block trades were reported on the Quotron
system which means that the buyer was keeping a low profile by
buying shares in increments of 100K or less. Why was this?
NOORDA RAYMOND J 28,364 8.06%
ALAN C ASHTON 20,437 5.80%
BASTIAN BRUCE W 12,645 3.59%
AMERICAN EXPRESS 17,570 4.78%
WISCONSIN INVESTMT BOARD 8,296 2.26%
OHIO STATE TEACH RET SYS 6,299 1.71%
BARCLAYS BANK PLC 9,002 2.45%
BANKERS TRUST N Y 5,452 1.48%
STATE STREET BOSTON CORP 3,805 1.03%
Notice that Barclays Bank PLC is a Foreign holding company
with 2.45% of the shares. These figures represent current
holdings as reported 6/30/96.
From my observation, it is quite possible that with the shares traded
Friday and assuming 7 million were buys from one party, Barclays Bank
PLC could now hold 5% and would be required to submit a 13G form
to the SEC. Is it possible that they may be buying shares for a
Foreign conglomerate? Barclays Bank was a seller (1.2%) as recent as
June 1996. Why would they all of a sudden be buying more now?
EKS <watching activity on Monday...Go Novell>>
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