SAN DIEGO, July 12, 2018 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of CA, Inc. ("CA") (NASDAQ: CA) breached
their fiduciary duties in connection with the proposed sale of the
Company to Broadcom Inc. ("Broadcom") (NASDAQ: AVGO).
On July 11, 2018, CA announced
that it had signed a definitive merger agreement with Broadcom.
Under the terms of the transaction, CA shareholders will receive $
$44.50 a share per share in cash for
each share of CA held.
The investigation concerns whether the CA board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for CA shares of
common stock.
If you are a shareholder of CA and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
View original
content:http://www.prnewswire.com/news-releases/ca-inc-alert-johnson-fistel-investigates-proposed-sale-of-ca-inc-to-broadcom-are-shareholders-getting-a-fair-deal-300680074.html
SOURCE Johnson Fistel, LLP