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France’s Dassault Systemes (EPA:DSY) in deal to buy Medidata Solutions (NASDAQ:MDSO)

  • Dassault’s offer of $92.25 per share is at a discount to Medidata’s closing price of $94.75 on 11th June.
  • Medidata’s market capitalisation is estimated at around $5.9 billion, with revenues for 2018 coming in at $636 million.

U.S. software company, Medidata Solutions, has received a $5.8 billion bid from French technology company Dassault Systemes. According to Dassault, the purchase would boost the tech company’s standing in the life sciences business and enhance its earnings from 2020 onwards. Dassault Systemes takeover trail includes software companies such as Trace Software and Argosim.