WeissLaw LLP: CA Technologies Inc. Acquisition May Not Be In The Best Interest of CA Shareholders
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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Source: PR Newswire
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 re
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- AVGO's page on the SEC website