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Levi & Korsinsky is investigating the Board of Directors of Dyax Corp. (NASDAQGM: DYAX) in connection with the sale of the Company to Shire plc. Under the terms of the transaction, Dyax Corp. shareholders will receive $37.30 in cash for each share of Dyax Corp. stock they own plus a contingent value right worth an additional $4.00 per share.
The investigation concerns whether the Board of Dyax Corp. breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Shire plc is underpaying for Dyax Corp. shares, thus unlawfully harming Dyax Corp. shareholders.
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