Market Overview

DryShips to Offer 5M Ocean Rig Shares, to Own 61.3% of Ocean Rig Outstanding Shares

Share:
Related DRYS
DryShips Announces Full Settlement of the $120M Affiliate Loan and Suspension of Ocean Rig Dividend
National Bank Of Greece, Shippers Selling Off… Except For Euroseas
Will Expeditors' (EXPD) Q2 Earnings Please Investors? - Analyst Blog (Zacks)

DryShips Inc. (NASDAQ: DRYS), or the Company, an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced it is offering 5,000,000 common shares of Ocean Rig that it owns in an underwritten public offering pursuant to Ocean Rig's effective shelf registration statement on Form F-3ASR filed with the Securities and Exchange Commission. Following the completion of the offering, DryShips is expected to own approximately 61.3% of Ocean Rig's outstanding shares.

Posted-In: News Offerings

 

Related Articles (DRYS)

Get Benzinga's Newsletters