1. Broadcom and CA Trim Their Losses After the Former Says There Was a 'Fraudulent Memo' Calling for a CIFUS Review of Their Merger

    Broadcom and CA Trim Their Losses After the Former Says There Was a 'Fraudulent Memo' Calling for a CIFUS Review of Their Merger
    • Broadcom and CA shares slid Wednesday after Senator Rand Paul (R-Ky.) called for a federal national security review of their merger.
    • Shares trimmed their losses after Broadcom said there was a "fraudulent memo" circulating around Congress that called for a CIFUS review of their merger.
    • Broadcom announced an $18.9 billion deal to acquire CA in July...
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    1. Broadcom and CA Technologies are both American companies, and there is no basis in fact or law for CFIUS review of our pending transaction. We have received HSR clearance and the approval of CA shareholders, and we have a clear path to completing the transaction in the fourth calendar quarter of 2018.
    2. We will send you a letter advocating that CFIUS looks at this....
    3. Just because Broadcom has changed its domicile to [the U.S.] doesn't mean we shouldn't look at Broadcom.
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