Showing posts with label DRYS. Show all posts
Showing posts with label DRYS. Show all posts
Monday, August 19, 2019
=DryShips (DRYS) to be acquired by company controlled by Chairman and CEO George Economou for $5.25/share
DryShips to be acquired by company controlled by Chairman and CEO George Economou for $5.25/share in cash
The Company's Board of Directors, acting on the unanimous recommendation of the Special Committee, approved the Merger Agreement. The Special Committee, with the assistance of its independent financial and legal advisors, exclusively negotiated the terms of the Merger Agreement with SPII. The merger is expected to close in the fourth quarter of 2019.
The deal comes about two months after DryShips said it received a non-binding offer letter from SPII.
Labels:
DRYS,
mergers & acquisitions
Thursday, June 13, 2019
-=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.
Labels:
big pops,
DRYS,
mergers & acquisitions
Wednesday, August 30, 2017
=DryShips (DRYS) reported earnings on Wed 30 Aug 2017 (a/h)
DryShips reports huge Q2 loss, co also received a subpoena from the SEC
- Co reported a Q2 loss of ($15.6 mln) vs. a loss of ($9.1 mln) in last year's quarter; revs rose 4% to $16.4 mln
- Co says it reported a per share loss of ($37.12)/share
- The co has also received a subpoena from the Securities and Exchange Commission ("SEC") requesting certain documents and information from the Company in connection with offerings made by the Company between June 2016 and July 2017. The Company is providing the requested information to the SEC
- Litigation Update:
- Various complaints have been filed in the Marshall Islands and the United States alleging various violations by DryShips and/or two of its officers in connection with the securities laws of the United States and the laws of the Republic of the Marshall Islands requesting differing amounts of damages that in some instances have not yet been quantified
- DryShips and its management believe these complaints are without merit and intend to vigorously defend themselves against these allegations.
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