CA Technologies to Be Acquired by Broadcom for a Record $18.9 Billion

On July 11, 2018, Broadcom, a leading semiconductor device supplier, and CA Technologies (CA), one of the world’s leading providers of information technology management software and solutions, announced that the companies have entered into a definitive agreement under which Broadcom has agreed to acquire CA for approximately $18.9 billion in an all-cash transaction. Wilson Sonsini Goodrich & Rosati is representing CA in the transaction, the largest sale of an enterprise software company on record.

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, representing a premium of approximately 20 percent to the closing price of CA common stock on July 11. The all-cash transaction represents an equity value of approximately $18.9 billion and an enterprise value of about $18.4 billion. The transaction is expected to close in the fourth calendar quarter of 2018, subject to customary closing conditions, including the approval of CA shareholders and antitrust approvals in the U.S., the EU, and Japan.

The WSGR team representing CA in the transaction includes:

M&A:
Mike Ringler
Derek Liu
Rich Mullen
Jini Chatterjee
Brian Chan

Corporate/Securities:
John Fore
Mark Fitzgerald
Mark Bass
Dana Hall
Aaron Wax
Oscar Loui
Andrew Lu

Antitrust:
Scott Sher
Roisin Comerford

Technology Transactions:
James Clessuras
James Gannon​

Employee Benefits and Compensation:
Scott M​cCall
Brandon Gantus
Jessica Bliss

Real Estate:
Susan Reinstra
James McCann
Martin Sul
Lee Cumberland
Sean Wilkinson

Employment Law:
Martina Tsatalis
Matthew Damm
Matt Gorman
Brian Kennedy

Tax:
Eileen Marshall
Devin Heckman

Privacy:
Matt Staples
Patrick Kane

Regulatory and Compliance:
Josephine Aiello LeBeau
Stephen Heifetz
Joshua Gruenspecht​
Larry Perrone
Anne Seymour

For more information, please see the companies' joint press release.