There could be a big deal in the software sector in the works
Bryn Lennon/Getty Images
BMC Software and CA Inc. are considering a combination that would take publicly-listed CA Inc. private, according to Kiel Porter and Alex Sherman at Bloomberg.
CA Inc.'s stock price jumped close to 8% on the news. The company is valued at around $13.3 billion.
BMC creates software and services that assist businesses in moving to digital operations, and is owned by two private equity firms, Bain Capital and Golden Gate Capital.
CA Inc., which was once known as Computer Associates International, provides software solutions that help customers plan, develop, manage and secure applications.
Porter and Sherman report that BMC and CA Inc. have approached banks about putting together financing to aid BMC's purchase of CA Inc. The talks are at an early stage, the report said.
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market