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Thoma Bravo announced that it has agreed to acquire Veracode, the leading provider in next-generation application security testing, from Broadcom for $950M in cash. Currently, a division of Broadcom, Veracode's SaaS platform and integrated solutions help security teams and software developers find and fix security-related defects at all points in the software development lifecycle. The transaction is expected to close in the fourth quarter of 2018, subject to usual and customary closing conditions and regulatory approvals. This acquisition reinforces Veracode's long history of market leadership and innovation, and the partnership with Thoma Bravo is expected to support Veracode's future operational and product development plans.

Broadcom (AVGO) announced that it has completed its acquisition of CA Technologies (CA). CA's common stock will now cease to be traded on the NASDAQ and CA will operate as a wholly owned subsidiary of Broadcom.

Broadcom (AVGO) has filed an over $1B patent claim against Volkswagen (VLKAY) and is threatening to seek a judicial ban on production of several vehicles, Reuters reports, citing German magazine Der Spiegel. A spokesman for the German car maker told Reuters that a legal action had been made by Broadcom against VW over a patent issue without confirming the size of the claim. "Volkswagen has examined the claim and taken necessary action to protect its legal interests," the spokesman told Reuters. According to Der Spiegel, the claim concerned the use of 18 patents on Broadcom semiconductors which Volkswagen uses for navigation and entertainment system in some of its cars.

S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600: S&P MidCap 400 constituent Keysight Technologies (KEYS) will replace CA (CA) in the S&P 500, S&P SmallCap 600 constituent Ligand Pharmaceuticals (LGND) will replace Keysight Technologies in the S&P MidCap 400, and Marcus & Millichap (MMI) will replace Ligand Pharmaceuticals in the S&P SmallCap 600 prior to the open of trading on Tuesday, November 6. S&P 500 constituent Broadcom (AVGO) is acquiring CA in a deal expected to close on or about that date pending final conditions. Arcosa (ACA) will replace KapStone Paper and Packaging (KS) in the S&P SmallCap 600 effective prior to the open of trading on Monday, November 5. S&P MidCap 400 constituent Trinity Industries (TRN) is spinning off Arcosa to shareholders in a deal expected to be completed on November 1. Post spin-off, Trinity Industries will remain in the S&P MidCap 400. S&P 500 constituent WestRock (WRK) is acquiring Kapstone Paper and Packaging in a deal expected to close on or about November 2 pending final conditions.