Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of the Accelrys, Inc. Proposed Sale to Dassault Sys...
January 30 2014 - 9:51AM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating whether members of the board of directors of
Accelrys, Inc. (NASDAQ: ACCL) breached their fiduciary duties in
connection with the planned sale of the Company to Dassault
Systemes. Accelrys develops and commercializes scientific business
intelligence software and solutions in the United States, Europe,
and the Asia Pacific.
On January 30, 2014, Dassault Systemes announced that they had
agreed to acquire all the shares of Accelrys for $12.50 per share,
or $750 million.
The investigation concerns whether the Accelrys board members
failed to satisfy their duties to the Company’s shareholders,
including whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for the Company’s shares of common stock. Accelrys has no long
term debt and has over $100 million in cash. Additionally, the
$12.50 per share acquisition price is below one analyst’s
projection.
If you are a shareholder of Accelrys and would like additional
information concerning your legal rights, please contact lead
analyst Jim Baker (jimb@johnsonandweaver.com) at 619-230-0063.
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California and New York. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker, 619-230-0063 Ext.
118jimb@johnsonandweaver.com
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