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CA Inc. (CA) Has Leaped To A New High After Bought By Broadcom

Broadcom Inc. (AVGO) announced after the close Wednesday that it has agreed to acquire CA Inc. (CA) for $18.9 billion in cash.

CA has gapped open dramatically higher Thursday morning and is now up 6.67 at $43.88 on the highest volume of the year. The stock has leaped to a new high for the year.

Meanwhile, Broadcom gapped open sharply lower this morning and is now down 44.20 at $198.24 on strong volume. The stock has tumbled to a new low for the year.

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