Shares of CA Inc. (CA) were falling by 8.37% to $31.75 on Thursday afternoon, following a Wall Street Journal report that that private equity owned business software company BMC Software has ceased merger talks with the tech company.

The ending of deal talks shows that banks are still reluctant to finance leveraged buyouts of mature tech companies at high valuations.

CA makes products that are used in online applications and for mobile tech. Bloomberg first reported a possible merger with BMC last month.

Watch More with TheStreet:

More from Stocks

Children's Place, Synchrony, Yeti and more: 'Mad Money' Lightning Round

Children's Place, Synchrony, Yeti and more: 'Mad Money' Lightning Round

Economist Perspective: Brexit Endgame in Sight?

Economist Perspective: Brexit Endgame in Sight?

Smaller Cap Stocks Could Make Great Stocking Stuffers Ahead of 2019

Smaller Cap Stocks Could Make Great Stocking Stuffers Ahead of 2019

Dow, S&P, Nasdaq Are All in Correction Territory Following Stock Selloff

Dow, S&P, Nasdaq Are All in Correction Territory Following Stock Selloff

Chart of the Day: The Cloud Kings Lost Their Crown in the Fourth Quarter

Chart of the Day: The Cloud Kings Lost Their Crown in the Fourth Quarter