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Broadcom Ltd. (AVGO) Is Sinking On Reports It Will Buy CA

The Wall Street Journal reported Wednesday afternoon that Broadcom Ltd. (AVGO) is close to reaching a deal to acquire CA Inc. (CA). Broadcom is falling 13.12 on 480K shares.

Broadcom gapped open lower Wednesday and declined until mid-morning. The stock closed down by 7.12 at $243.44 on above average volume.

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