Dassault Systèmes To Purchase Accelrys - Quick Facts

(RTTNews) - Dassault Systemes SA (DASTY.PK), a provider of 3D design software, and Accelrys, Inc., (ACCL), a provider of scientific innovation lifecycle management software for chemistry, biology and materials, inked a definitive merger deal for Dassault Systèmes to acquire San Diego-based Accelrys, Inc. Pursuant to this, Dassault Systèmes would 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 some $750 million. Dassault Systèmes plans to purchase any shares of Accelrys not tendered into the tender offer, through a merger that would be effected soon after the tender offer closure.

Dassault added that the combination with Accelrys would enrich the molecular chemistry capabilities from discovery to manufacturing and regulatory requirements of its formulation-based industry offerings such as life sciences, consumer packaged goods, high tech and energy, as well as advanced manufacturing industries.

Accelrys' board has unanimously approved the transaction, and the deal may close in the second quarter of 2014, 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.

Foros acted as financial advisor and Cravath, Swaine & Moore LLP provided legal advice to Dassault Systèmes.