An investigation on behalf of investors of CA, Inc. (NASDAQ: CA) in connection with the proposed takeover was announced and NASDAQ: CA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/27/2018 -- The takeover of CA, Inc. is under investigation concerning whether the takeover of CA, Inc. by Broadcom Inc. for $44.50 per share is unfair to NASDAQ: CA stockholders.
Investors who purchased shares of CA, Inc. (NASDAQ: CA) and currently hold any of those NASDAQ: CA shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of NASDAQ: CA breached their fiduciary duties owed to CA, Inc. investors in connection with the proposed acquisition.
New York based CA, Inc., together with its subsidiaries, develops, markets, delivers, and licenses software products and services in the United States and internationally. On July 11, 2018, Broadcom Inc. (NASDAQ: AVGO) and CA Technologies (NASDAQ: CA) announced that the companies have entered into an agreement under which Broadcom has agreed to acquire CA. Under the terms of the agreement, CA, Inc.'s (NASDAQ: CA) shareholders will receive $44.50 per share in cash.
However, given that Careal Property Group AG and affiliates, who collectively own approximately 25% of the outstanding shares of CA, Inc. (NASDAQ: CA) common stock, have already entered into a voting agreement to vote in favor of the transaction, the investigation concerns whether the offer is unfair to NASDAQ: CA stockholders. More specifically, the investigation concerns whether the CA, Inc. Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
CA, Inc. reported that its Total Revenue rose from over $4.03 billion for the 12months period that ended on March 31, 2017 to over $4.23 billion for the 12 months period that ended on March 31, 2018.
Shares of CA, Inc. (NASDAQ: CA) closed on July 26, 2018, at $43.90 per share.
Those who are current investors in CA, Inc. (NASDAQ: CA) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com