Dassault Systèmes said it has extended the expiration date of the tender offer by its indirect subsidiary, 3DS Acquisition Corp., to purchase all of the outstanding shares of Accelrys, Inc. (NASDAQ: ACCL) common stock at an offer price of USD12.50 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.
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. 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, approximately 40,845,725 shares of Accelrys common stock had been tendered, representing approximately 73.2 percent of the outstanding shares of Accelrys common stock.
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