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Dassault Systèmes SolidWorks Corp. Offers $750 Million To Acquire Accelrys Inc. (ACCL)



1/30/2014 7:10:54 AM

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Dassault Systemes SA (DSY), a French developer of 3D design software, agreed to buy U.S. competitor Accelrys Inc. (ACCL) for about $750 million to expand its offering in molecular chemistry and life sciences. Dassault Systemes will make a tender offer for all of Accelrys shares at $12.50 apiece in cash and plans to complete the acquisition in the second quarter, subject to approval by a majority of Accelrys shareholders, the Paris-based company said in a statement today. That’s 29 percent higher than Accelrys’s closing price yesterday of $9.72.

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