U.S. Markets open in 46 mins

Why Analysts Don’t Like Broadcom’s CA Technologies Acquisition

Scarlett Ness
Why Analysts Don’t Like Broadcom’s CA Technologies Acquisition

Broadcom (AVGO) has announced its acquisition deal with CA Technologies (CA), one of the world’s leading providers of information technology and software solutions, in a cash deal worth $18.9 billion. According to Nomura Instinet analyst Romit Shah, Broadcom believes the agreement would deliver value to its shareholders through organic growth.