Semiconductor device supplier Broadcom will acquire CA Technologis for $18,9-billion in cash. Under the terms of the agreement, which has been approved by the boards of directors of both companies, CA's shareholders will receive $44.50 per share in cash. This represents a premium of approximately 20% to the closing price of CA common stock on July 11, 2018, the last trading day prior to the transaction announcement, and a premium of approximately 23% to CA's volume-weighted average price ("VWAP") for the last 30 trading days. The all-cash transaction represents an equity value of approximately $18,9-billion, and an enterprise value of approximately $18,4-billion. Hock Tan, president and CEO of Broadcom, says: "This transaction represents an important building block as we create one of the world's leading infrastructure technology companies.