Why Accelrys (ACCL) Is Soaring to a Nine-Year High Today

NEW YORK (TheStreet) -- Accelrys  (ACCL) was soaring nearly 30% to $12.55, its highest point in nearly ten years, on Thursday after news broke that Dassault Systemes would buy the software company for approximately $750 million.

Dassault, a software company based in France that designs programs with the aid of computers, announced that it would purchase the San Diego-based Accelrys for $12.50 a share and would make an all-cash tender offer. Accelrys' board has unanimously approved the merger, according to Dassault's statement.

Accelrys offers scientific software for aerospace, energy and industrial sectors.

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