===CA Inc. (CA) to be acquired by Broadcom (AVGO) for $44.50 a share

The Wall Street Journal reported that Broadcom was planning to offer $44.50 a share, or $18 billion, for CA (formerly Computer Associates) in a deal that could be announced as early as today. CA would rank as the first major acquisition attempt by Broadcom since the company was blocked from acquiring Qualcomm (QCOM) earlier in the year.



CA Tech confirms deal to be acquired Broadcom (AVGO) for $44.50/share in cash, or approximately $18.9 bln 

Under the terms of the agreement, which has been approved by the boards of directors of both companies, CA's shareholders will receive $44.50 per share in cash. This represents a premium of approximately 20% to the closing price of CA common stock on July 11, 2018, the last trading day prior to the transaction announcement, and a premium of approximately 23% to CA's volume-weighted average price for the last 30 trading days. The all-cash transaction represents an equity value of approximately $18.9 billion, and an enterprise value of approximately $18.4 billion.

• The transaction is expected to drive Broadcom's long-term Adjusted EBITDA margins above 55% and be immediately accretive to Broadcom's non-GAAP EPS. On a combined basis, Broadcom expects to have last twelve months non-GAAP revenues of approximately $23.9 billion and last twelve months non-GAAP Adjusted EBITDA of approximately $11.6 billion.
• The closing of the transaction is expected to occur in the fourth calendar quarter of 2018.