Dassault Systèmes announces that it commenced a cash tender offer for all of the outstanding shares of Accelrys common stock at a price of $12.50 per share yesterday. The tender offer is being made pursuant to the previously announced merger agreement dated January 30, 2014 between the companies.
The tender offer period will expire at 12:00 midnight (New York City time) at the end of the day on March 13, 2014, unless otherwise extended or terminated.
Dassault Systèmes has filed a tender offer statement on Schedule TO with the United States Securities and Exchange Commission (SEC). 3DS Acquisition Corp., a US affiliate of Dassault Systèmes, is the acquirer in the tender offer. The Offer to Purchase contained within the Schedule TO sets out the terms and conditions of the tender offer.
Accelrys has also filed a Solicitation/Recommendation Statement with the SEC, which includes the recommendation of the Accelrys board of directors that Accelrys stockholders tender their shares in the tender offer.
As promptly as practicable following the completion of the tender offer, Dassault Systèmes will acquire all remaining Accelrys shares through a merger at the tender offer price.
The tender offer and the merger are subject to customary closing conditions, including the acquisition by 3DS Acquisition Corp. of at least a majority of Accelrys’ outstanding shares in the tender offer and customary regulatory approvals.
