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Broadcom’s stock broadsided with worst day ever as investors digest CA offer

Market Watch
Broadcom’s stock broadsided with worst day ever as investors digest CA offer

Broadcom Inc.’s stock was on track for its worst one-day performance ever Thursday, as investors registered their first reactions to a proposed offer to buy IT management software company CA Inc. and more analysts viewed the deal as a negative than a positive. Broadcom AVGO, -14.96%  shares fell 15% to $207.43, following an intraday low of $197.46, putting the stock on track for its worst one-day percentage drop ever. Up until now, the stock’s worst day was Oct. 10, 2014, when shares finished down 11.5%. More than 30 million shares were exchanged in trading by noon Eastern, compared with the stock’s 52-week average daily volume of 3.3 million. Late Wednesday, Broadcom said it was offering $18.9