SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Dyax Corp. (DYAX) Over the Proposed Sale of the Company to Shire plc.

NEW YORK--(BUSINESS WIRE)--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.

Click here for more information: www.faruqilaw.com/DYAX. There is no cost or obligation to you.

The investigation focuses on whether Dyax’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Dyax’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. Follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Dyax and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/DYAX or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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