Broadcom Nears Deal to Buy CA Technologies for About $18 Billion
July 11 2018 - 4:42PM
Dow Jones News
By Dana Cimilluca and Dana Mattioli
Broadcom Inc. is nearing a deal to buy software company CA
Technologies for about $18 billion, according to people familiar
with the matter.
Broadcom is to pay $44.50 a share for CA, formerly known as
Computer Associates, the people said. Assuming it doesn't fall
apart at the last minute, the deal could be announced later
Wednesday. CA shares were trading at $37.23 late Wednesday
afternoon.
The takeover would be a major strategic move for Broadcom,
coming just months after its $100 billion-plus hostile bid for
Qualcomm Inc. was blocked by President Donald Trump. The move would
help diversify the chip maker, which recently moved its
headquarters to the U.S. from Singapore.
(END) Dow Jones Newswires
July 11, 2018 16:27 ET (20:27 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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