The American semiconductor firm Broadcom Inc. has received HSR approval for the proposed acquisition of CA Technologies. In a statement, the company said that the waiting period under the Hart-Scott-Rodino antitrust Improvements Act of 1976 has expired with respect to the proposed acquisition of CA Technologies.
Expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending transaction, which was announced on July 11, 2018. The transaction remains subject to customary closing conditions, including the approval of CA shareholders and antitrust approvals in the EU and Japan. The closing of the transaction is expected to occur in the fourth calendar quarter of 2018, said Broadcom.
Broadcom is a Delaware corporation headquartered in San Jose. It is a leading designer, developer and global supplier of a broad range of digital and analog semiconductor connectivity solutions. The company has an extensive product portfolio that serves four primary end markets: wired infrastructure, wireless communications, enterprise storage and industrial & other. Applications for 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.