WeissLaw LLP: CA Technologies Inc. Acquisition May Not Be In The Best Interest of CA Shareholders

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:

1. an increase in its target available market to include the growing and fragmented infrastructure software market;
2. long-term adjusted EBITDA margins of more than 55%; and
3. 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 [phone] or by email at [e-mail].

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 [e-mail] or fill out the form on our website, http://www.weisslawllp.com/ca-technologies-inc/

View original content:http://www.prnewswire.com/news-releases/weisslaw-llp-ca-technologies-inc-acquisition-may-not-be-in-the-best-interest-of-ca-shareholders-300683032.html

SOURCE WeissLaw LLP

Copyright 2018 PR Newswire