Kendall Law Group is investigating Symyx Technologies, Inc. (NASDAQ:SMMX) for shareholders in connection to the proposed sale of the Company to Accelrys, Inc. Symyx shareholders, and anyone with knowledge of the transaction, are encouraged to contact the Kendall Law Group by email at hlindley@kendalllawgroup.com. The national securities litigation firm is investigating whether a fair process was used in shopping the company prior to entering into the agreement, and whether the board of directors breached their fiduciary duties by not seeking a deal that would provide better value of the company.

On April 5, 2010, the companies announced that they have entered into an all-stock merger of equals. Upon completion of the merger, Accelrys and Symyx shareholders will each own approximately 50% of the combined company. Max Carnecchia, the CEO of Accelrys will serve as CEO of the combined company. The CEO of Symyx will serve a transitional role in the combined company.

According to the agreement, Symyx shareholders will receive 0.7802 ACCL share per SMMX share owned. Based on the closing price of both companies on April 1, 2010, this values Symyx shares at $5.07, which represents a 13% premium. SMMX stock closed at $5.60 as recently as January 8, 2010 and closed over $6.00 for the majority of July through October, 2009.

Kendall Law Group was founded by a former federal judge, and includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in many merger and acquisition cases nationwide, including some of the largest transactions in the United States.

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