Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

DryShips To Offer 9 Mln Ocean Rig Shares

RELATED NEWS
Trade DRYS now with 

DryShips Inc. (DRYS: Quote) Monday said it is offering 9 million shares of Ocean Rig UDW Inc. (ORIG) that it owns in an underwritten public offering. This announcement follows Ocean Rig's registration statement on Form F-1 filed with the Securities and Exchange Commission.

DryShips will also grant the underwriters a 30-day option to purchase up to 1.5 million shares to cover over-allotments.

Deutsche Bank Securities and Credit Suisse are acting as joint book-running managers, with Evercore Partners, Raymond James, Simmons & Company International, ABN AMRO, COMMERZBANK, Dahlman Rose & Company, DVB Capital Markets and Nordea Markets acting as co-managers.

Click here to receive FREE breaking news email alerts for DryShips, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After showing a notable move to the downside in early trading, stocks have regained some ground over the course of the trading day on Monday. The markets have maintained a negative bias, however, keeping the major averages in the red. After reporting a sharp jump in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Monday showing that pending home sales unexpectedly saw a notable pullback in the month of June. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.