NEW YORK, Feb. 10, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Accelrys Inc. ("Accelrys" or "the Company") (Nasdaq:ACCL) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Dassault Systemes SA. A complaint was filed in Delaware state court.
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Under the terms of the transaction, Accelrys shareholders will receive $12.50 for each share of Accelrys common stock they own. The transaction has a total approximate value of $750 million. The claims concern whether the Accelrys Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Dassault Systemes is underpaying for Accelrys shares. In particular, at least one analyst set a price target for Accelrys stock at $13.00 per share.
If you own Accelrys common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/accelrys-accl.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP