Dassault Systèmes said it has extended the tender offer by its wholly owned indirect subsidiary, 3DS Acquisition Corp., to purchase all outstanding shares of Accelrys, Inc. (NASDAQ: ACCL) common stock at an offer price of USD12.50 per share in cash.
Dassault Systèmes and Accelrys have agreed that the expiration date of the tender offer will be extended until midnight, New York City time, at the end of the day on Monday, April 28, 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 22, 2014, approximately 41,978,808 shares of Accelrys common stock had been tendered, representing approximately 75.2 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 has completed its investigation of the acquisition 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.
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