DryShips Shareholder SPII Holdings Offers $4 Per Share for Merger


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


A DryShips Inc. (NASDAQ:DRYS) 13D filing shows CEO George Economou has a 83.35% stake and that SPII Holdings Inc. has delivered a non-binding letter to the company’s board with $4 per share cash conversion offer.

SPII expects that the issuer will appoint a special committee of independent directors to consider its proposal and make a recommendation to the board of directors.

Previously, Heidmar Holdings LLC from SPII Holdings Inc., was an entity affiliated with Economo.

DryShips shares traded up 0.3% at $3.17 in Thursday's pre-market session.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: M&ANewsGeorge Economou