An investor presentation and fact sheet are published in investors.broadcom.com and submitted to the Securities and Exchange Commission. On July 11, 2018, Mr. Ken Hao, Chief Executive Officer of Silver Lake, resigned from Broadcom`s Board of Directors effective July 11, 2018. Mr. Hao is resigning in order to proactively avoid any conflict of interest that could result from his role as Director of Broadcom following the proposed acquisition of CA and as a director in current and future portfolio companies in Silver Lake. Mr. Haos` resignation was not the result of a disagreement between Mr. Hao and Broadcom. SAN JOSE, Calif. and NEW YORK, July 11, 2018 /PRNewswire/ — Broadcom Inc. (NASDAQ: AVGO), a leading semiconductor manufacturer for cable markets, Wireless, Enterprise Storage and Industry, and CA Technologies (NASDAQ: CA), one of the world`s leading providers of information technology management software and solutions, announced today that the companies have reached a definitive agreement under which Broadcom has agreed to acquire CA to build one of the world`s largest infrastructure technology companies. Under the agreement, CA shareholders will receive $44.50 per share in cash. NEW YORK-(BUSINESS WIRE) –CA Technologies (NASDAQ:CA) announced today that its shareholders have voted in favor of the already announced merger agreement with Broadcom, under which Broadcom will purchase CA at a special meeting today.
Broadcom Inc. (NASDAQ: AVGO), a Delaware-based company based in San Jose, CA, is a global technology leader that develops, develops and provides a wide range of semiconductor and infrastructure solutions. Broadcom`s first product portfolio serves critical markets such as data center, network, software, broadband, wireless, storage and industry. For more information, see www.broadcom.com. Under the agreement approved by the boards of directors of both companies, CA shareholders will receive $44.50 per share in cash. This corresponds to an increase of approximately 20% on the closing price of the CAD common share on July 11, 2018, the last trading day prior to the announcement of the transaction, and an increase of approximately 23% on the volume-weighted average price (“VWAP”) of the last 30 trading days. The cash transaction has a capital value of approximately $18.9 billion and an enterprise value of approximately $18.4 billion. “We are pleased to have reached this final agreement with Broadcom,” said Mike Gregoire, Ceo of CA Technologies. “This combination guides our software know-how with Broadcom`s leadership in the semiconductor industry.
The benefits of this agreement extend to our shareholders who receive a significant and immediate bonus for their actions, as well as to our employees who will join an organization that shares our values of innovation, cooperation and engineering excellence.