NEW YORK, July 18, 2018 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of CA Technologies Inc.
("CA" or the "Company") (NASDAQ: CA) in connection with the
proposed acquisition of the Company by Broadcom Inc. (NASDAQ:
AVGO). Under the terms of the merger agreement, CA
shareholders will receive $44.50 for
each CA share they own.
WeissLaw is investigating whether CA's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the acquisition is a strategic transaction from which AVGO
will gain many benefits. Namely, AVGO anticipates:
- an increase in its target available market to include the
growing and fragmented infrastructure software market;
- long-term adjusted EBITDA margins of more than 55%; and
- sustainable double-digit growth in its earnings per-share and
compound annual growth rate;
Finally, AVGO believes the acquisition of CA will provide it
with significant recurring revenue, and will create one of the
world's leading infrastructure technology companies.
Given these facts, WeissLaw is investigating whether CA's Board
acted in the best interests of CA's public shareholders to maximize
shareholder value prior to entering into the agreement. If
you own CA shares and would like more information about your rights
or our investigation, or if you have information to share with us,
please contact Joshua Rubin
by telephone at (888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/ca-technologies-inc/
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SOURCE WeissLaw LLP