Broadcom gets final antitrust approval, clearing way for CA acquisition

Wallace Witkowski

Broadcom Inc. said late Friday it received approval from European authorities for its acquisition of CA Inc. . In a filing with the Securities and Exchange Commission, Broadcom said the antitrust clearance from the European Union was the last hurdle to close the deal after having received approval from Japanese regulators on Oct. 2. Broadcom said it expects to close the deal by Nov. 5, the first day of its fiscal year 2019. In July, Broadcom announced an $18.9 billion bid for CA, which knocked Broadcom's stock down 14% the next trading day. Broadcom shares were up less than 0.1% after hours, while CA shares were up 0.5%.