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Why Shares of CA Inc. Dropped Today

TheMotleyFool

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Shares of enterprise software company CA Inc. (NASDAQ: CA) slumped on Thursday following reports that merger talks with privately held BMC Software had ended. The stock had soared in June after the talks were initially reported. CA stock was down about 10% at 2:45 p.m. EDT.

According to Reuters, talks between the two companies have broken down due to BMC's inability to arrange financing for the deal. A buyout of CA, valued at around $15 billion, would have been the largest leveraged buyout since computer maker Dell was taken private in 2013.

Image source: CA Inc.

Source: Fool.com