Broadcom stock dives on news of $18.9B plan to buy CA Technologies

Broadcom Inc.’s plan to acquire software giant CA Technologies for $18.9 billion got a rough reception on Wall Street on Thursday morning. The San Jose chip giant’s stock dropped by as much as 18 percent in early trading amid headlines like this one from Bloomberg: “Jilted Broadcom goes on the rebound. Too bad It’s CA.” with the subhead of “Nothing about this union makes sense.” The headline from The Register wasn’t any better: “Weirdest. Acquisition. Ever. Broadcom Buys CA Technologies.” The…

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Broadcom stock dives on news of $18.9B plan to buy CA Technologies