Dassault Systèmes' Tender Offer For Accelrys Begins - Quick Facts

(RTTNews) - Dassault Systèmes (DASTY.PK), a provider of 3D design software, has commenced a cash tender offer for Accelrys' (ACCL) outstanding common shares at a price of $12.50 a share yesterday. The tender offer is being made pursuant to the prior announced merger deal dated January 30, 2014 between the companies. The tender offer period would 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 filed a tender offer statement on Schedule TO with the United States Securities and Exchange Commission or SEC. 3DS Acquisition Corp., a US affiliate of Dassault Systèmes, is the acquirer in the tender offer.

In addition, Accelrys filed a Solicitation/Recommendation Statement with the SEC, including the recommendation of the Accelrys board that Accelrys stockholders tender their shares in the tender offer. Following the tender offer completion, Dassault Systèmes would buy all remaining Accelrys shares via. a merger at the tender offer price.