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Friday, October 04, 2019

Equity Corporate Actions Alert #2019 - 199
(UPDATED) Information Regarding the Merger of DryShips Inc. (DRYS)

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  • Industry Announcement

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Shareholders of DryShips Inc. (DRYS) met on Wednesday, October 9, 2019 and voted to approve the merger of the company with and into SPII Holdings Inc. The merger closed prior to the market open on October 11, 2019. The stock was halted following the after-hours session at 8 p.m. on October 10, 2019 and will remain halted on the day of closing (October 11th) and will be suspended effective October 14, 2019. The details are as follows:

Company: DryShips Inc.
Issue: Common Stock
CUSIP#: Y2109Q705
Symbol: DRYS
Last Trading Date: October 10, 2019
Marketplace Effective Date for Suspension: October 14, 2019
Merger Consideration: $5.25 in cash for each share held.

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