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DryShips Inc. (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. The Company is a diversified owner and operator of ocean-going cargo vessels that operate worldwide through three segments: drybulk, offshore support and tanker.

soared Thursday after the Greek shipping company said it received a non-binding offer letter from SPII Holdings, which is controlled by DryShips Chairman and CEO George Economou. "The board of directors of the company has formed a special committee consisting solely of disinterested directors to consider the proposal," DryShips said in a statement. The offer from SPII Holdings proposes "a transaction pursuant to which the company would be merged into a subsidiary of SPII Holdings," DryShips said, without providing further details.

DryShips Inc. (the “Company”) (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 Inc. (DRYS) (the “Company” or “DryShips”), a diversified owner and operator of ocean-going cargo vessels, is pleased to announce the results of its annual meeting of shareholders, which took place on July 22, 2019. The Company’s shareholders re-elected Messrs. George Demathas and Anthony Kandylidis as Class C Directors of the Company to serve until the Company’s 2022 annual meeting of shareholders and until such directors’ successors are duly elected and qualified.

ATHENS, Greece, Sept. 17, 2019 -- DryShips Inc. (NASDAQ:DRYS) (“DryShips” or the “Company”), a diversified owner and operator of ocean going cargo vessels, and through the.

Under the deal, SPII, which is controlled by company Chairman and CEO George Economou, will shell out $5.25 for the remaining shares of DryShips stock it does not already own.

DryShips Inc. (the “Company”) (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. (the “Company”) (DRYS) today announced that the special committee (the “Special Committee”) of its board of directors, formed to consider the previously announced non-binding acquisition proposal (the “Proposal”) made by an entity controlled by the Company’s Chairman and Chief Executive Officer, Mr. George Economou, has retained Evercore as its financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP as its legal advisor. The Special Committee is comprised of the following independent and disinterested directors: George Kokkodis (Chair), Andreas Argyropoulos and George Demathas. The Special Committee is considering and evaluating the Proposal, and no decisions have been made with respect to the Special Committee’s response to the Proposal.  There can be no assurance that any definitive agreement will be finalized and executed or that the Proposal or any other transaction will be approved or consummated.  The Company does not undertake any obligation to provide updates with respect to this or any other transaction, except as required under applicable law.

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

It's official – DryShips (NASDAQ: DRYS) has agreed to go private, heralding the end of a sometimes-controversial 14-year stretch as one of ocean shipping's highest-profile listed entities. The broader industry question in the wake of privatization plans of DryShips and Teekay Offshore (NYSE: TOO) is whether slumping stock prices will prompt more public players to throw in the towel. DryShips announced on August 19 that it had approved a definitive offer from founder George Economou to buy the remaining shares of DryShips he doesn't already own for $5.25 per share.

Since its public debut in 2005, George Economou-led DryShips (NASDAQ: DRYS) has stood out from the pack in the public shipping arena. Now, DryShips appears poised to bow out of Wall Street altogether, marking the end of an era. Assuming the committee approves, it is all but assured that the deal will close, given that Economou owns 83.4 percent of DryShips' shares and that he's the company's founder, chief executive officer and chairman.

ATHENS, Greece, Oct. 09, 2019 -- DryShips Inc. (the “Company”) (NASDAQ: DRYS), a diversified owner and operator of ocean going cargo vessels, today announced that, at a special.

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

DryShips news for Thursday concerning a merger offer for the company has DRYS stock on its way up.Source: Shutterstock The merger offer for DryShips (NASDAQ:DRYS) comes from SPII Holdings. This is actually a company that is in the control of DryShips Chairman and CEO George Economou.The DryShips news release concerning the merger offer doesn't reveal much in the way of details. This includes not mentioning how much SPII Holdings values the company at.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat we do know about the offer is that it is a non-biding one. The shipping company says that it is also considering the offer. Its Board of Directors has created a special committee to overlook and consider the proposal. This special committee is made up completely of disinterested Board members.It's possible that the DryShips merger will pan out and the company will combine with SPII Holdings. If so, this will have the company becoming a subsidiary under SPII Holdings. * 7 High-Quality Cheap Stocks to Buy With $10 The DryShips news about a possible merger offer saw the company's shares trading heavily on Thursday. 360,000 shares had moved before the markets opened today, which beats out the shipping company's daily average 303,000 shares of DRYS stock moving.DRYS stock was up 24% as of Thursday morning. However, the stock is down 46% since the start of the year. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post DryShips News: DRYS Stock Sails Higher on Merger Offer appeared first on InvestorPlace.

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DryShips Inc. (DRYS) (“DryShips” or the “Company”), a diversified owner and operator of ocean going cargo vessels, today announced it has received a non-binding offer letter from SPII Holdings Inc., (“SPII Holdings”), a company controlled by our Chairman and Chief Executive Officer, Mr. George Economou, which proposes a transaction pursuant to which the Company would be merged into a subsidiary of SPII Holdings. The board of directors of the Company has formed a special committee consisting solely of disinterested directors to consider the proposal.

DryShips news for Monday concerning a buyout deal has DRYS stock taking off.Source: VladSV / Shutterstock.com DryShips (NASDAQ:DRYS) says that all outstanding shares of DRYS stock are going to be acquired by SPII Holdings for $5.25 per share. The offer is being made in cash and is a 66% premium over the stock's closing price on June 12, which is when the first offer was made by SPII Holdings.The DryShips news about the $5.25 price per share of DRYS stock is also a nice boost over the initial offer made by SPII Holdings. It sits 31% higher than the $4.00 per share that the company was originally offering for the stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe DryShips news release notes that the deal already has the unanimous support of its Board of Directors. The Board is also advising shareholders to vote in favor of the deal when a special meeting of shareholders takes place decide on the offer.The deal in the DryShips news release is set to close during the fourth quarter of 2019. However, it will first have to complete customary closing conditions. This includes approval from regulators, as well as from DRY stock shareholders. * 10 Cheap Dividend Stocks to Load Up On It's also worth noting that SPII Holdings is a company that is under the control of George Economou. Economou is the current Chairman and CEO of DryShips. SPII Holdings already has a stake in DRYS stock and will be acquiring all outstanding shares that it doesn't already own.DRYS stock was up 35% as of Monday morning, but is down 34% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.The post DryShips News: DRYS Stock Skyrockets on Buyout Deal appeared first on InvestorPlace.

To own both dry bulkers and tankers would theoretically turn off both oil and grain investors who do not want exposure outside their respective interests. The pure play-versus-diversification issue reared its head yet again on June 11, with the announcement that Performance Shipping (NASDAQ: DCIX) – formerly a pure box-shipping company – had bought two tankers.

DryShips Inc. (the “Company”) (DRYS) today announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with SPII Holdings Inc. (“SPII”), a company controlled by the Company’s Chairman and Chief Executive Officer, George Economou, under which SPII will acquire the outstanding shares of the Company that it does not already own for $5.25 per share in cash, without interest. The $5.25 per share price represents a premium of approximately 66% over the Company’s $3.16 closing stock price on June 12, 2019, the last trading day before the Company’s announcement of SPII’s initial offer to acquire all shares of the Company common stock not owned by SPII (the “Initial Offer”), The $5.25 per share price reflects an increase of approximately 31% over the purchase price of $4.00 per share proposed in the Initial Offer.