SHAREHOLDER ALERT: Kendall Law Group Investigates Acquisition of Accelrys, Inc. by Dassault Systemes SA
January 30 2014 - 11:02AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating whether the Accelrys, Inc. Board of Directors
(NYSE:ACCL) breached its fiduciary duty to its shareholders in
agreeing to sell Accelrys to Dassault Systemes SA without first
obtaining the best possible price for shareholders. If you
currently own shares of ACCL and purchased those shares before
January 30, 2014, you are encouraged to contact Jamie McKey at the
Kendall Law Group at 877-744-3728 or by email at
jmckey@kendalllawgroup.com to learn more about your rights as a
shareholder.
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. Accelrys has no long-term debt and has over $100
million in cash on its books or the equivalent of $1.86 per share.
Additionally, the $12.50 per share acquisition price is below one
analyst’s projection. Indeed, analysts have projected that the
stock is worth at least $13 per share.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
Kendall Law Group LLPJamie McKey, 214-744-3000877-744-3728 Toll
Free214-744-3015
Facsimilejmckey@kendalllawgroup.comwww.kendalllawgroup.com
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