September 24, 2018 - The case was voluntarily dismissed.
August 3, 2018 - An investor, who currently holds shares of CA, Inc. (NASDAQ: CA), filed a lawsuit against the takeover of CA, Inc. by Broadcom Inc. for $44.50 per share.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: CA stockholders by agreeing to sell CA, Inc. cheaply via an unfair process.

New York based CA, Inc., together with its subsidiaries, develops, markets, delivers, and licenses software products and services in the United States and internationally. On July 11, 2018, Broadcom Inc. (NASDAQ: AVGO) and CA Technologies (NASDAQ: CA) announced that the companies have entered into an agreement under which Broadcom has agreed to acquire CA. Under the terms of the agreement, CA, Inc.’s (NASDAQ: CA) shareholders will receive $44.50 per share in cash.

However, plaintiff claims that the proposed consideration NASDAQ: CA shareholders will receive is grossly inadequate and undervalues CA, Inc. CA, Inc. reported that its Total Revenue rose from over $4.03 billion for the 12months period that ended on March 31, 2017 to over $4.23 billion for the 12 months period that ended on March 31, 2018.
In addition, the plaintiff alleges that the process is also unfair NASDAQ: CA stockholders. Indeed, Careal Property Group AG and affiliates, who collectively own approximately 25% of the outstanding shares of CA, Inc. (NASDAQ: CA) common stock, have already entered into a voting agreement to vote in favor of the transaction,.