According to the Complaint, CA, Inc. ("CA" or the "Company") was founded in 1976 as Computer Associates International, Inc. and is an enterprise and mainframe software provider.
Broadcom Inc. designs and develops semiconductor devices used in telecommunication equipment and data center servers and storage systems. Broadcom’s business is operated through four segments: wired infrastructure, wireless communications, enterprise storage, and industrial and other.
The Proposed Transaction was first disclosed on July 11, 2018, when CA and Broadcom announced that they had entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which Broadcom will acquire all of the outstanding shares of common stock of CA for $44.50 per share (the “Merger Consideration”). The deal is valued at approximately $18.9 billion and is expected to close in the fourth quarter of 2018.
The Complaint alleges that Defendants caused a materially incomplete and misleading preliminary proxy statement (the “Proxy”) to be filed with the Securities and Exchange Commission (“SEC”) on July 24, 2018.