Rally Software Shares Jump On CA Buyout Agreement

MarketWatch Pulse

Rally Software Development Corp. shares jumped in the extended session Wednesday after CA Inc. agreed to acquire the company. Rally shares surged 42% to $19.20 on moderate volume. CA said it agreed to acquire Rally for $19.50 a share, or about $480 million. CA expects the deal to close sometime in its second fiscal quarter. CA shares were unchanged at $31.18.

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