Inactive Instrument

DryShips Inc.

MHY2109Q7055

SPII Holdings Sends a Proposal Letter to the Board of DryShips

June 13, 2019 at 07:36 am EDT

On June 13, 2019, SPII Holdings Inc. delivered a letter to the board of directors of DryShips Inc. proposing a transaction whereby the Company would merge with a wholly-owned subsidiary of SPII Holdings, as a result of which all the Common Shares not currently owned by SPII Holdings would be converted into the right to receive $4.00 in cash per Common Share.

Latest news about DryShips Inc.

DryShips Inc.(NasdaqCM:DRYS) dropped from NASDAQ Composite Index	19-10-11	CI
DryShips Inc.(NasdaqCM:DRYS) dropped from NASDAQ Transportation Index	19-10-11	CI
George Economou, Chairman and Chief Executive Officer of DryShips completed the acquisition of the remaining 16.6% stake in DryShips Inc..	19-10-10	CI
DryShips Inc.'s Equity Buyback announced on October 29, 2018, has expired.	19-10-10	CI
DryShips Inc.(NasdaqCM:DRYS) dropped from S&P Global BMI Index	19-09-23	CI
Dryships, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019	19-09-17	CI
SPII Holdings Enters into Merger Agreement with DryShips	19-08-19	CI
DryShips Inc. Announces Special Committee Appointments	19-07-09	CI
S Oil : Hedge funds chart course through 'IMO 2020' storm	19-07-08	RE
SPII Holdings Sends a Proposal Letter to the Board of DryShips	19-06-13	CI
George Economou, Chairman and Chief Executive Officer of DryShips made a non-binding proposal to acquire the remaining 16.6% stake in DryShips Inc. for $57.9 million.	19-06-12	CI
DryShips Inc. acquired 50.2% stake in Heidmar, Inc. from Morgan Stanley (NYSE:MS) for approximately $17 million.	19-06-09	CI
Tranche Update on DryShips Inc.'s Equity Buyback Plan announced on October 29, 2018.	19-05-15	CI
DryShips Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019	19-05-15	CI
Tranche Update on DryShips Inc.'s Equity Buyback Plan announced on February 7, 2018.	19-03-01	CI
Tranche Update on DryShips Inc.'s Equity Buyback Plan announced on February 7, 2018.	19-03-01	CI
DryShips Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018	19-02-28	CI
DryShips Inc. announces an Equity Buyback for $50 million worth of its shares.	18-10-29	CI
DryShips Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018	18-10-29	CI
DryShips Inc. authorizes a Buyback Plan.	18-10-28	CI
DryShips Inc.'s Equity Buyback announced on February 7, 2018 has closed with 10,864,227 shares, representing 10.8% for $50.2 million.	18-10-04	CI
DryShips Inc.(NasdaqCM:DRYS) added to S&P Global BMI Index	18-09-24	CI
Dryships Inc. Enters into an Agreement with an Unaffiliated Buyer for the Sale of One of Its 2001-Built Panamax Drybulk Carrier	18-08-15	CI
Tranche Update on DryShips Inc.'s Equity Buyback Plan announced on February 7, 2018.	18-07-31	CI
DryShips Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018	18-07-31	CI

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Company Profile

DryShips, Inc. is a holding company. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries. Under its offshore support segment, the Company operates as a provider of offshore support services to the global offshore energy industry. The Offshore support segment operates a diversified fleet of offshore support vessels. It owns a fleet of approximately 20 Panamax drybulk carriers, which have a combined deadweight tonnage (dwt) of approximately 1.5 million dwt and an average age of approximately 10 years, and six offshore supply vessels, comprising over two platform supply and four oil spill recovery vessels, and have an average age of approximately 3.1 years.

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	1st Jan change	Capi.
EVERGREEN MARINE CORPORATION (TAIWAN) LTD.	+30.31%	12.25B
WALLENIUS WILHELMSEN ASA	+21.24%	4.13B
COMPAÑÍA SUD AMERICANA DE VAPORES S.A.	+36.60%	4B
STAR BULK CARRIERS CORP.	+16.23%	2.8B
SHANGHAI JINJIANG SHIPPING (GROUP) CO., LTD.	-15.05%	1.89B
COSCO SHIPPING SPECIALIZED CARRIERS CO.,LTD.	+18.10%	1.88B
HÖEGH AUTOLINERS ASA	+16.21%	1.85B
GULF NAVIGATION HOLDING	+0.95%	1.66B
WISDOM MARINE LINES CO., LIMITED (CAYMAN)	+32.12%	1.57B

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