PR Newswire
NEW YORK, July 18, 2018
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:
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 (888) 593-4771 or by email at [email protected].
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 [email protected] 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
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