France’s Dassault to acquire Medidata for $5.8 billion

French software company Dassault Systems says it will buy U.S.-based Medidata Solutions for $5.8 billion in cash.
Dassault said Wednesday that it was offering of $92.25 for each share of Medidata, slightly less than its $94.75 closing price on Tuesday. Medidata shares dipped about 4% in premarket trading.
New York-based Medidata provides cloud-based services and software to help medical and pharmaceutical companies manage data and track clinical trials.
The companies said that 18 of the top 25 p