Symyx Closes Deal to Buy MDL from Elsevier for $123M

Oct 03, 2007

NEW YORK (GenomeWeb News) - Symyx Technologies said yesterday that it has closed its $123 million all-cash purchase of Elsevier’s MDL Information Systems business.

Symyx said the final purchase price will be subject to "working capital and other adjustments."

The company also has set up a $25 million back-up line of credit for working capital and for future growth initiatives.

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