Dassault Systèmes Extends Tender Offer For Accelrys Until March 25 - Quick Facts

(RTTNews) - Dassault Systemes SA (DASTY.PK), a provider of 3D design software, announced the extension of the expiration date of the tender offer by its wholly owned indirect subsidiary, 3DS Acquisition Corp., to acquire all of the outstanding shares of Accelrys Inc. (ACCL) common stock at an offer price of $12.50 per share in cash, without interest and subject to any required withholding of taxes.

Dassault Systèmes and Accelrys have agreed that the expiration date will be extended until 12:00 midnight, New York City time, at the end of the day on Tuesday, March 25, 2014, unless otherwise extended or terminated.

Dassault Systèmes stated that except for the extension of the tender offer, all other terms and conditions of the tender offer remain unchanged.

According to the company, the extension allows for the conclusion of the initial 30-day review period by the Committee on Foreign Investment in the United States (CFIUS) under the Exon-Florio Amendment to the United States Defense Production Act of 1950, as amended. The initial CFIUS review period is scheduled to end no later than Monday, March 24, 2014, by which date CFIUS is required to have determined whether to conclude its review or undertake an additional 45-calendar day investigation.

Computershare Trust Company, N.A., the depositary for the tender offer, has advised that as of midnight on March 13, 2014, about 40.85 million shares of Accelrys common stock, excluding 847,858 shares of Accelrys common stock subject to notices of guaranteed delivery, had been validly tendered and not validly withdrawn pursuant to the tender offer. This represents about 73.2 percent of the outstanding shares of Accelrys common stock.

In Late January 2014, Dassault Systemes had agreed to acquire San Diego-based Accelrys, Inc. 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.

In Mid-February, Dassault Systèmes said it commenced a cash tender offer for Accelrys' outstanding common shares at a price of $12.50 a share. The tender offer period would expire at at the end of the day on March 13, 2014.