Paul Hastings LLP, a leading global law firm, represented Accelrys, Inc. (ACCL), a San Diego-based leading provider of scientific innovation lifecycle management software, in its $750 million sale to Dassault Systèmes, the world leader in 3D design software.
Dassault Systèmes will make an all-cash tender offer for all of the outstanding shares of Accelrys common stock at a price of $12.50 per share. The closing of the transaction is expected to occur in the second quarter of 2014 and is subject to the receipt of certain regulatory approvals and other customary closing conditions.
Paul Hastings Chair of Global Mergers & Acquisitions Carl Sanchez is leading the transaction team, which also includes Global Compliance partner Scott Flicker, Antitrust partner C. Scott Hataway, Employment partner Stephen Harris, of counsel Hart Holden, and associates Scott Oross, Elizabeth Razzano, Laura McGurty and Shehzad Huda.
Paul Hastings has been outside counsel for Accelrys for almost ten years and has advised the company on numerous recent M&A transactions including its merger of equals with Symyx Technologies and its acquisitions of Qumas Limited, VelQuest Corporation, Aegis Analytical Corp, and ChemSW, Inc.
