Faruqi & Faruqi, LLP Announces the Investigation of Dyax Corp. (DYAX) Over the Proposed Sale of the Company to Shire plc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Dyax Corp. (“Dyax” or the “Company”) (NasdaqGM:DYAX) for potential breaches of fiduciary duties in connection with the sale of the Company to Shire plc. for approximately $5.4 billion.
The Company’s stockholders will only receive $37.30 in cash (plus $4.00 in cash per share upon clinical approval of DX-2930) for each share of Dyax common stock they own. However, the offer seems inadequate since Shire plc. expects approximately $2.0 billion in annual sales from DX-2930 if approved.
If you own common stock in Dyax and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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