SAN JOSE, Calif., Oct. 10, 2018 /PRNewswire/ -- Broadcom Inc.
(Nasdaq:AVGO), today issued the following statement:
We have learned that a fraudulent
memo purported to be signed by the U.S. Department of Defense
("DoD") is circulating among Senators and members of Congress
referencing the possible need for review of Broadcom's acquisition
of CA Technologies (NASDAQ: CA) by the Committee on Foreign
Investment in the United States
("CFIUS"). We have been informed by DoD officials that this memo is
in fact a forged document.
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.
About Broadcom Inc.
Broadcom Inc. (NASDAQ: AVGO),
a Delaware corporation headquartered in San Jose,
CA, is a leading designer, developer and global supplier of a broad
range of digital and analog semiconductor connectivity
solutions. Broadcom Inc.'s extensive product portfolio
serves four primary end markets: wired infrastructure, wireless
communications, enterprise storage and industrial & other.
Applications for our products in these end markets include: data
center networking, home connectivity, set-top box, broadband
access, telecommunications equipment, smartphones and base
stations, data center servers and storage, factory automation,
power generation and alternative energy systems, and electronic
displays.
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements
(including within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended, and Section 27A of the
United States Securities Act of 1933, as amended) concerning
Broadcom and CA. These statements include, but are not limited to,
statements regarding the expected completion and timing of the
proposed transaction. These forward-looking statements are based on
current expectations and beliefs of the management of Broadcom and
CA (as the case may be), as well as assumptions made by, and
information currently available to, such management, current market
trends and market conditions and involve risks and uncertainties,
many of which are outside of each company's and their management's
control, and which may cause actual results to differ materially
from those contained in forward-looking statements. Accordingly,
you should not place undue reliance on such statements.
Those risks, uncertainties and assumptions include: the risk
that the proposed transaction may not be completed in a timely
manner or at all, which may adversely affect Broadcom's and CA's
business and the price of the common stock of Broadcom and CA; the
failure to satisfy any of the remaining conditions to the
consummation of the proposed transaction; and other risks described
in CA's filings and Broadcom's and its predecessors' filings with
the United States Securities and Exchange Commission, such as
Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K.
Forward-looking statements speak only as of the date of this
communication. Neither Broadcom nor CA undertake any intent or
obligation to publicly update or revise any of the forward-looking
statements made in this communication, whether as a result of new
information, future events or otherwise, except as required by
law.
Contact for Broadcom:
Investor Relations
408-433-8000
investor.relations@broadcom.com
Joele Frank / Steve Frankel / Andi
Rose
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
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SOURCE Broadcom Inc.