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What's Next for the Dyax Stock Price After $6.5 Billon Shire Purchase (Nasdaq: DYAX)
The Dyax stock price surged 33% to $36.68 Monday morning after Irish drug giant Shire Plc. (Nasdaq ADR: SHPG) agreed to buy the American biotech company for $6.5 billion.
Under terms of the deal, Dyax Corp.'s (Nasdaq: DYAX) shareholders will receive an upfront cash payment of $37.50 a share. That's a 35% premium to Dyax's closing price on Friday. It also values Dyax at $5.9 billion.
The Dyax stock price has now climbed 156% in 2015. Here's how investors should play the stock now...
The Dyax stock price surged 33% to $36.68 Monday morning after Irish drug giant Shire Plc. (Nasdaq ADR: SHPG) agreed to buy the American biotech company for $6.5 billion.
Under terms of the deal, Dyax Corp.'s (Nasdaq: DYAX) shareholders will receive an upfront cash payment of $37.50 a share. That's a 35% premium to Dyax's closing price on Friday. It also values Dyax at $5.9 billion.
The Dyax stock price has now climbed 156% in 2015. Here's how investors should play the stock now...