Business Models

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from Broadcom

Business Models

Broadcom announces HSR approval for proposed acquisition of CA Technologies

Via Broadcom

Aug 24, 2018

SAN JOSE, Calif., Aug. 24, 2018 /PRNewswire/ -- Broadcom Inc. (Nasdaq: AVGO), a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act"), has expired with respect to the proposed acquisition of CA Technologies (NASDAQ: CA).

(PRNewsfoto/Broadcom Limited)

Expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending transaction, which was announced on July 11, 2018. The transaction remains subject to customary closing conditions, including the approval of CA shareholders and antitrust approvals in the EU and Japan. The closing of the transaction is expected to occur in the fourth calendar quarter of 2018.

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