Broadcom Inc. (NASDAQ: AVGO), a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, and CA Technologies (NASDAQ: CA), one of the world's leading providers of information technology (IT) management software and solutions, announced that the companies have entered into a definitive agreement under which Broadcom has agreed to acquire CA to build one of the world's leading infrastructure technology companies. The all-cash transaction represents an equity value of approximately USD 18.9 billion. The largest shareholder of CA, Swiss based Careal Property Group AG and affiliates, who collectively own approximately 25% of the outstanding shares of CA common stock, have entered into a voting agreement to vote in favor of the transaction.
Niederer Kraft Frey advised Broadcom, Inc. as to Swiss tax and corporate law matters. The NKF team was led by Corporate/M&A partner Philipp Haas and Tax partner Daniela Schmucki, working with counsel Elga Tozzi on Tax and associates Julia Tolstova and Shu Bernet-Zhang on Corporate/M&A.