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Fly News Breaks for June 21, 2017
CA
Jun 21, 2017 | 07:13 EDT
After Bloomberg's report that Bain and Golden Gate Capital have discussed taking CA Technologies private and combining it with BMC Software, Jefferies analyst John DiFucci noted that he "always said" that it makes sense for a leveraged buyout of CA, adding that merging it with BMC would eliminate meaningful costs. The mainframe business can be "milked for a very long time," while the best of what is left might be able to be repackaged and sold, added DiFucci, who keeps a Buy rating and $38 price target on CA shares.
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