ACCL Stock – Accelrys Shares Skyrocket on Dassault Deal

by Christopher Freeburn | January 30, 2014 9:15 am

ACCL Stock – Accelrys Shares Skyrocket on Dassault Deal

News that 3D engineering software-maker Accelrys (ACCL[1]) will be purchased by France’s Dassault Systemes[2] sent ACCL stock vaulting more than 28% in Monday premarket trading.

business handshake 630 300x199 ACCL Stock   Accelrys Shares Skyrocket on Dassault Deal[3]
Source: Flickr[4]

Under the deal, Dassault will make a tender offer for Accelrys, paying $12.50 per share of ACCL stock. That represents a premium of 29% over the $9.72 per share closing price for ACCL stock on Wednesday. Accelrys has about 2,000 customers, including major drug manufacturers Pfrizer (PFE) and Sanofi (SAN[5]), Bloomberg notes.

The acquisition must be approved by owners of ACCL stock, but is expected to close during the second quarter.

Dassault will pay a total of $750 million to purchase all outstanding ACCL stock.

Prior to the announcement of the merger, ACCL stock had gained about 5% over the past 12 months.

 

Endnotes:
  1. ACCL: http://studio-5.financialcontent.com/investplace/quote?Symbol=ACCL
  2. will be purchased by France’s Dassault Systemes: http://www.bloomberg.com/news/2014-01-30/dassault-systemes-to-bid-750-million-to-acquire-accelrys.html
  3. [Image]: http://investorplace.com/wp-content/uploads/2011/12/business-handshake-630.jpg
  4. Flickr: http://www.flickr.com/photos/mytudut/
  5. SAN: http://studio-5.financialcontent.com/investplace/quote?Symbol=SAN

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