- Dyax (NASDAQ:DYAX) is up 12.1% after hours, and ADRs for Shire (SHPG) are up 1.5%, as the Hart-Scott-Rodino antitrust waiting period for Shire's acquisition of Dyax (DYAX) was ended today by the FTC.
- Shire had entered into an agreement to buy Dyax for about $5.9B, or $37.30/share in cash. Dyax was most recently trading at $37.40 after hours.
- In the deal, Dyax's shareholders could get additional value beyond the cash in a non-tradable contingent value right worth $4/share, depending on the approval of DX-2930.
- Previously: Shire buys Dyax for $5.9B in cash (Nov. 02 2015)