Dassault, Accelrys Sign Merger Agreement

Dassault Systèmes and Accelrys, a provider of scientific innovation lifecycle management software for chemistry, biology and materials, have signed a definitive merger agreement. Dassault 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 said it 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 transaction is expected to be completed during the second quarter of 2014, subject to conditions.

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