Reuters logo
11 days ago
BRIEF-Dryships announces agreement to conduct a private placement and subsequent rights offering
August 11, 2017 / 12:21 PM / 11 days ago

BRIEF-Dryships announces agreement to conduct a private placement and subsequent rights offering

Aug 11 (Reuters) - Dryships Inc

* Dryships Inc. announces agreement to conduct a private placement and subsequent rights offering

* Dryships Inc - Deal for ‍$2.75 per share​

* Deal for ‍$100 million​

* Dryships Inc - Economou will not exercise his subscription rights in right offering outside of backstop commitment​

* Dryships Inc - ‍Company will have right to cancel rights offering or amend terms thereof​

* Dryships Inc - ‍Will sell company's common shares to entities affiliated with its chairman and chief executive officer, George Economou​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below