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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Accelrys, Inc. (MM) | NASDAQ:ACCL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.51 | 0 | 01:00:00 |
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
1 Year Accelrys, Inc. (MM) Chart |
1 Month Accelrys, Inc. (MM) Chart |
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