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January 30, 2014
05:27 EDTACCLDassault to acquire Accelrys for $12.50 per share in merger valued at $750M
Dassault Systèmes and Accelrys announced the signing of a definitive merger agreement for Dassault Systèmes to acquire San Diego-based Accelrys. Under the terms and conditions of the merger agreement, Dassault Systèmes will make an all cash tender offer for all of the outstanding shares of Accelrys common stock at a price of $12.50 per share, without interest, representing a fully diluted equity value for Accelrys of approximately $750M. Dassault Systèmes intends to acquire any shares of Accelrys not tendered into the tender offer, via a merger that will be effected as soon as possible after the closing of the tender offer. The board of Accelrys has unanimously approved the transaction. The transaction is expected to be completed during the Q2, subject to Accelrys shareholders tendering a majority of Accelrys’ outstanding shares in the tender offer to be launched in the coming days, receipt of certain regulatory approvals and other customary closing conditions.
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