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Dassault Systèmes To Buy Medidata Solutions In $5.8 Bln Deal - Quick Facts

French software company Dassault Systèmes (DASTY.PK) announced Wednesday that it has signed an agreement to acquire Medidata Solutions, Inc. (MDSO) in an all-cash transaction at a price of $ 92.25 per share. The deal represents an enterprise value of $5.8 billion for Medidata.

The transaction was unanimously approved by the Boards of Directors of both companies.

The deal is expected to close during the last quarter of 2019 and is subject to certain regulatory approvals, approval by the majority of Medidata's shareholders and other customary closing conditions.

U.S.-based Medidata engages in the digital transformation of the Life Sciences industry for clinical development, commercial, and data intelligence. The company's revenues for fiscal 2018 were $636 million.

Medidata provides clinical expertise and cloud-based solutions for 1,300 customers worldwide. In 2018, thirteen of the top 15 drugs sold were powered by Medidata's technology.

Dassault Systèmes expects the acquisition of Medidata and its clinical and commercial solutions, would help it to reinforce its position as a science-based company.

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