Why? A spokeswoman for the company confirmed that Wizard Parent owns The Attachmate Group, but she declined to offer details about the financing.
It appears that the money is tied to Attachmate's acquisition of Novell....We're still not sure how the $377 million comes into play, whether it's part of the overall offer or not.
[PJ: I just noticed that it says it's not directly tied to any acquisition: "Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?" and the answer checked is "no."
I also took a look at Elliott Associates, and they seem to be trying to muscle Iron Mountain, at the moment. But it is interesting to note this SEC Form D filing from a year or so ago, where $1,076,961,059 was raised, from 220 investors, and $112,942,893 represents "the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above", and number 3 is about Paul Singer. So there is the notation that the amount to be paid to executives "represents the amount paid to date. The Issuer allocates an annual special allocation to Mr. Singer, directly or indirectly".] - John Cook, GeekWire
