May 8, 2018 / 9:48 PM / 3 months ago

BRIEF-CA Says Board Of Directors Approved Restructuring Plan

May 8 (Reuters) - CA Inc:

* CA INC SAYS ON MAY 2, 2018, BOARD OF DIRECTORS OF CO APPROVED RESTRUCTURING PLAN ( THE “FISCAL 2019 PLAN”) - SEC FILING

* CA INC - FISCAL 2019 PLAN COMPRISES TERMINATION OF ABOUT 800 EMPLOYEES AND GLOBAL FACILITIES EXITS AND CONSOLIDATIONS

* CA INC - ACTIONS UNDER FISCAL 2019 PLAN ARE EXPECTED TO BE SUBSTANTIALLY COMPLETED BY END OF FISCAL YEAR 2019

* CA INC - UNDER FISCAL 2019 PLAN, CO EXPECTS TO INCUR PRE-TAX CHARGE BETWEEN ABOUT $140 MILLION AND $160 MILLION

* CA INC - EXPECTS ABOUT $80 MILLION TO $100 MILLION FROM CHARGE TO BE INCURRED BY CO DURING FISCAL YEAR 2019 Source text: (bit.ly/2rtUBGb) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below