DryShips

DryShips Inc. is a global shipping transportation company specialising in the transportation of drybulk cargoes.   Our executive offices are located in Amaroussion, Greece and we have been listed on the New York Nasdaq Exchange since February 2005 and trade under the symbol ''DRYS''.  Our vessels are able to trade worldwide in a multitude of trade routes carrying a wide range of cargoes for a number of industries.  Our capesize and Panamax drybulk carriers carry predominantly coal and iron ore for energy and steel production as well as grain for feedstocks.  Our handymax and Handysize drybulk carriers carry iron and steel products, fertilizers, minerals, forest products, ores, bauxite, alumina, cement and other construction materials. These raw materials and products are used as production inputs in a number of industries. We transport these various cargoes on several geographical routes.  Our fleet carrying capacity totals over 2.3 million deadweight tons.  We are focused on maximising shareholder value by maximising returns on our investments while at the same time ensuring our vessels adhere to the highest safety and environmental standards.  Our business strategy is focused on building and maintaining enduring relationships with charterers of drybulk carriers and providing reliable seaborne transportation services at competitive cost.  We seek to create shareholder value by acquiring and operating second hand drybulk carriers across the size spectrum, including large (Capesize), medium (Panamax) and small (Handymax and Handysize), and employing them in a combination of ''spot charter'', and ''period time charter'' contracts and pools.

ATHENS, Greece, Oct.  11, 2019  (GLOBE NEWSWIRE) -- DryShips Inc. (the “Company”) (NASDAQ: DRYS), a diversified owner and operator of ocean going cargo vessels, today announced the completion of its acquisition by SPII Holdings Inc. (“SPII”), a company that may be deemed to be beneficially owned by the Company’s Chairman and Chief Executive Officer, Mr. George Economou, pursuant to the merger (the “Merger”) of Sileo Acquisitions Inc., a wholly owned subsidiary of SPII (“Merger Sub”), with and into the Company pursuant to the previously announced Agreement and Plan of Merger, entered into on August 18, 2019 (the “Merger Agreement”), by and among the Company, SPII and Merger Sub. In the Merger, all outstanding shares of common stock, $0.01 par value, of the Company not owned by SPII were converted into the right to receive $5.25 per share in cash, without interest.

DryShips Inc. Announces Completion of Acquisition by SPII Holding Inc.

ATHENS, Greece, Oct.  09, 2019  (GLOBE NEWSWIRE) -- DryShips Inc. (the “Company”) (NASDAQ: DRYS), a diversified owner and operator of ocean going cargo vessels, today announced that, at a special meeting held today, its shareholders voted in favor of the proposal to authorize and approve the previously announced Agreement and Plan of Merger, entered into on August 18, 2019 (the “Merger Agreement”), by and among the Company, SPII Holdings Inc. (“SPII”), a company that may be deemed to be beneficially owned by the Company’s Chairman and Chief Executive Officer, Mr. George Economou, and Sileo Acquisitions Inc., a wholly owned subsidiary of SPII (“Merger Sub”), pursuant to which SPII will acquire the outstanding shares of common stock, $0.01 par value, of the Company that it does not already own for $5.25 per share in cash, without interest.

DryShips Inc. Announces Shareholders’ Approval of Merger Agreement With SPII Holdings Inc.

ATHENS, Greece, Sept.  17, 2019  (GLOBE NEWSWIRE) -- DryShips Inc. (NASDAQ:DRYS) (“DryShips” or the “Company”), a diversified owner and operator of ocean going cargo vessels, and through the acquisition of Heidmar Inc. (“Heidmar”), a global tanker pool operator, today announced its unaudited financial and operating results for the quarter ended June 30, 2019.

DryShips Inc. Reports Financial and Operating Results for the Second Quarter of 2019

ATHENS, Greece, Sept.  16, 2019  (GLOBE NEWSWIRE) -- DryShips Inc. (NASDAQ:DRYS) (the “Company” or “DryShips”), a diversified owner and operator of ocean going cargo vessels, and through the acquisition of Heidmar Inc. (“Heidmar”), a global tanker pool operator, announced today that it will release its results for the second quarter 2019 after the market closes in New York on Tuesday September 17, 2019.

DryShips Inc. Announces Second Quarter 2019 Results Release Date

ATHENS, Greece, Sept.  09, 2019  (GLOBE NEWSWIRE) -- DryShips Inc. (the “Company”) (NASDAQ: DRYS), a diversified owner and operator of ocean going cargo vessels, today announced that it has called a special meeting of the Company’s shareholders (the “Special Meeting”) to be held on October 9, 2019, at 4 p.m. local time, at 80 Kifissias Avenue, GR 151 25, Marousi, Athens, Greece. At the Special Meeting, shareholders will be asked to consider and vote on a proposal to authorize and approve the previously announced Agreement and Plan of Merger, entered into on August 18, 2019 (the “Merger Agreement”), by and among the Company, SPII Holdings Inc. (“SPII”), a company that may be deemed to be beneficially owned by the Company’s Chairman and Chief Executive Officer, Mr. George Economou, and Sileo Acquisitions Inc., a wholly owned subsidiary of SPII (“Merger Sub”), pursuant to which SPII will acquire the outstanding shares of common stock, $0.01 par value, of the Company that it does not already own for $5.25 per share in cash, without interest.

DryShips Announces Special Meeting of Shareholders in Connection with Proposed Transaction

The volatile shipping stock’s saga is coming to an end.

Why DryShips Stock Is Soaring Today

DryShips news for Monday concerning a buyout deal from SPII Holdings has DRYS stock taking off after pricing it at $5.25 per share.
The post DryShips News: DRYS Stock Skyrockets on Buyout Deal appeared first on InvestorPlace.

DryShips News: DRYS Stock Skyrockets on Buyout Deal

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.

DryShips Will Be Acquired By SPII Holdings

Shares of DryShips Inc. DRYS, +2.13% soared 35% in premarket trading Monday, after the cargo ship operator announced a deal in which SPII Holdings Inc.

DryShips' stock soars after buyout deal at 37% premium

ATHENS, Greece, Aug.  19, 2019  (GLOBE NEWSWIRE) -- DryShips Inc. (the “Company”) (NASDAQ: DRYS) today announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with SPII Holdings Inc. (“SPII”)

DryShips Enters Into Definitive Merger Agreement with SPII Holdings

The stock's year-to-date decline is nothing if you take a longer term view, so is this dirt cheap stock worth looking at?

Is DryShips a Buy?

Since its public debut in 2005, George Economou-led DryShips (NASDAQ: DRYS) has stood out from the pack in the public shipping arena.

DryShips' Fleet Valuation Provides Support For Economou Bid

DryShips news for Thursday concerning a merger offer for the shipping company from SPII Holdings has DRYS stock on its way up.
The post DryShips News: DRYS Stock Sails Higher on Merger Offer appeared first on InvestorPlace.

DryShips News: DRYS Stock Sails Higher on Merger Offer

The company's chairman and CEO has submitted a buyout proposal.

Why Shares of DryShips Steamed Higher on Thursday

Shares of DryShips Inc.  rocketed 26% in active premarket trade Thursday, after the cargo ship operator said it received a buyout proposal from SPII Holdings Inc.

DryShips' stock soars after receipt of buyout proposal by company controlled by CEO George Economou

A DryShips Inc. (NASDAQ: DRYS) 13D filing shows CEO George Economou has a 83.35% stake and that SPII Holdings Inc.

DryShips Shareholder SPII Holdings Offers $4 Per Share for Merger

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News for DryShips Stock (DRYS)