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Fly News Breaks for June 21, 2017
CA
Jun 21, 2017 | 07:42 EDT
After Bloomberg reported that CA (CA) was considering combining with BMC and going private and that talks were at an early stage, RBC Capital analyst Matthew Hedberg says "a deal is unlikely given its scale." However, he adds that a deal "could make sense" for CA, " given a challenging multi-year mainframe renewal portfolio, struggle for organic growth and pending 606 adoption." The analyst adds that " there could likely be significant cost synergies as the businesses are similar." However ,he keeps a Sector Perform rating on CA.
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