DryShips, Inc. (NASDAQ:DRYS) is making headlines this morning. Why? Because DRYS stock is up nearly 40% after the Athens, Greece-based company said it’ll be acquired by SPII Holdings.
Here’s what we know.
DRYS Stock Goes Soaring on Acquisition NewsOn Monday, August 19, DryShips, a cargo ship operator, announced a buyout deal, sending the stock deep into the green zone. According to the company, SPII Holdings, a company overseen by DryShips CEO George Economou, will purchase the shares it does not already own, with the value set at $5.25 a share in cash. On ...
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