Brodsky & Smith Announces Investigation On Accelrys Sale Process

(RTTNews) - Law Office of Brodsky & Smith, LLC Saturday said it is investigating potential claims against the board of directors of Accelrys, Inc. (ACCL), related to the acquisition by Dassault Systems SA .(DASTY.PK), a provider of 3D design software.

Under the terms of the transaction, Accelrys shareholders will receive only $12.50 in cash for each share of Accelrys stock they own.

Brodsky & Smith noted that the investigation concerns possible breaches of fiduciary duty and other violations of state law by the board of directors of Accelrys for not acting in the company's shareholders' best interests in connection with the sale process.

It was on January 30, that Dassault Systemes and Accelrys inked a definitive merger deal for Dassault Systèmes to acquire San Diego-based Accelrys.

Accelrys provides scientific innovation lifecycle management software for chemistry, biology and materials.