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Dassault extends offer for Accelrys

Apr. 09, 2014 10:02 AM ETDassault Systèmes SE (DASTF) StockBy: Yigal Grayeff, SA News Editor
  • Dassault Systemes (OTCPK:DASTF) has extended its $750M bid for Accelrys (ACCL +0.1%) until April 22.
  • As of last night, Accelrys investors representing 75.9% of the company's shares had tendered their stock to Dassault.
  • The latter set the new deadline as the deal hasn't yet received authorization from the Committee on Foreign Investment in the United States (CFIUS), which assesses acquisitions for their national-security implications.
  • The CFIUS has until May 8 to provide a verdict, but Dassault hopes the committee will rule before then. The company can continue extending the offer by increments of 10 business days.
  • Accelrys provides scientific software for the energy, aerospace and industrial-goods sectors. (PR)

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