Broadcom to buy CA Technologies for $18.9 billion

Jamie McKane

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Broadcom to buy CA Technologies for $18.9 billion

Broadcom Inc., a semiconductor maker whose acquisitions have reshaped the chip industry, agreed to acquire CA Technologies for $18.9 billion in cash, branching out into corporate software to diversify its business.

Broadcom will pay $44.50 per share, a 20 percent premium to the CA’s closing price on Wednesday, the companies said in a statement after markets closed for the day.

[Bloomberg]
 
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