Symyx Bidder Pulls Out

/by

Symyx had requested an improved price as part of Certara’s final proposal. Certara’s companies are life science informatics providers Tripos and Pharsight. Certara is owned by Vector Capital.

Washington, DC 6/10/10; Washington, DC 6/15/10—Certara, which Symyx Technologies has identified as the competitor that submitted a rival bid for the company (see IBO 5/31/10), has revoked its offer of $6.75 per share. Symyx stated that because there is now no superior proposal to Accelrys’s offer, it has terminated discussion with Certara.

< | >