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Dassault offers to buy Medidata in $5.8 billion deal

Barbara Kollmeyer

Dassault Systemes SE on Wednesday announced a definite agreement for U.S. technology group Medidata Solutions Inc. , in an agreement valued at $5.8 billion. Under terms of the all-cash deal, the French technology group will offer $92.25 for each share of Medidata, whose shares closed at $94.75 a share on Tuesday. The transaction was unanimously approved by the boards of directors of both companies.