Dassault Systèmes Extends Tender Offer for Accelrys until April 22, 2014
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(Paris:DSY)(Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions announces the extension of the tender offer by its wholly owned indirect subsidiary, 3DS Acquisition Corp., to purchase all outstanding shares of Accelrys, Inc. (NASDAQ: ACCL) (Accelrys) 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 is extending the expiration date of the tender offer until midnight, New York City time, at the end of the day on Tuesday, April 22, 2014, unless otherwise extended or terminated. Except for the extension of the tender offer, all other terms and conditions of the tender offer remain unchanged.
Computershare Trust Company, N.A., the depositary for the tender offer, has advised that as of midnight, New York City time, at the end of the day on April 8, 2014, approximately 42,362,148 shares of Accelrys common stock (excluding 496,224 shares of Accelrys common stock subject to notices of guaranteed delivery) had been validly tendered and not validly withdrawn pursuant to the tender offer, representing approximately 75.9 percent of the outstanding shares of Accelrys common stock.
Dassault Systèmes is extending the tender offer because the condition relating to receipt of written confirmation that the Committee on Foreign Investment in the United States (CFIUS) has completed its investigation of the acquisition of Accelrys by Dassault Systèmes and determined that there are no unresolved national security concerns was not satisfied by the previously scheduled expiration date of the tender offer. CFIUS is required to complete its investigation by May 8, 2014, but CFIUS may complete its investigation sooner. Dassault Systèmes continues to believe the acquisition of Accelrys by Dassault Systèmes does not raise national security concerns. The merger agreement with Accelrys requires the tender offer to be extended in increments of 10 business days, unless otherwise agreed by the parties, if at the then-scheduled expiration date a regulatory condition is not satisfied. http://www.businesswire.com/news/home/20140408006824/en/Dassault-Syst%C3%A8mes-Extends-Tender-Offer-Accelrys-April#.U0abjKhX-uY