Market Overview

DryShips Will Be Acquired By SPII Holdings

DryShips Will Be Acquired By SPII Holdings

DryShips Inc. (NASDAQ: DRYS) will be acquired by SPII Holdings Inc. a company controlled by George Economou, under which SPII will acquire the outstanding shares for $5.25 per share in cash, without interest.

The deal is expected to close in the fourth quarter of 2019.

The $5.25 per share price represents a premium of approximately 66% over the company's $3.16 closing stock price on June 12.

DryShips shares were trading up 35.25% at $5.18 in Monday’s pre-market session. The stock has a 52-week high of $7.22 and a 52-week low of $3.08.

Related Links:

DryShips Shareholder SPII Holdings Offers $4 Per Share for Merger

Qudian Trades Higher On Q2 Earnings Beat


Related Articles (DRYS)

View Comments and Join the Discussion!

Posted-In: M&A News Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at