Broadcom, a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, and CA Technologies, one of the world's leading providers of information technology management software and solutions, entered into a definitive agreement under which Broadcom acquired CA, for $18.9bn in cash, to build one of the world's leading infrastructure technology companies. 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. This represents a premium of approximately 20% to the closing price of CA common stock on July 11, 2018, the last trading day prior to the transaction announcement, and a premium of approximately 23% to CA's volume-weighted average price for the last 30 trading days. The all-cash transaction represents an equity value of approximately $18.9bn, and an enterprise value of approximately $18.4bn. "This transaction represents an important building block as we create one of the world's leading infrastructure technology companies. With its sizeable installed base of customers, CA is uniquely positioned across the growing and fragmented infrastructure software market, and its mainframe and enterprise software franchises will add to our portfolio of mission critical technology businesses. We intend to continue to strengthen these franchises to meet the growing demand for infrastructure software solutions." Hock Tan, President and Chief Executive Officer of Broadcom.