-=DryShips (DRYS) receives acquisition proposal

DryShips receives acquisition proposal: CEO/Chairman George Economou proposes merging the company into SPII Holdings; Board forms a special committee consisting solely of disinterested directors to consider the proposal 
Co has received a non-binding offer letter from SPII Holdings Inc., a company controlled by our Chairman and Chief Executive Officer, Mr. George Economou, which proposes a transaction pursuant to which the company would be merged into a subsidiary of SPII Holdings. The board of directors of the company has formed a special committee consisting solely of disinterested directors to consider the proposal.