Athens, Greece, Oct. Holdings Inc. The subsidiary, which is wholly owned by SPII (the “Merger Subsidiary”) with and without the Company, as of the previously announced Merger Agreement and Plan, as of August 18, 2019 (the “Merger Agreement”), the Company and the Middle, SPII and Merger Subsidiary. In the merger, outstanding shares of the common stock of a company not owned by SPII were converted into an equity interest of 0.0 0.01 per share, without interest, 25 5.25 per share.
The transaction was approved by the Company’s shareholders on October 9, 2019. Upon completion of the transaction, the Company’s common stock will be traded on the Nasdaq Capital Market and will be listed.
Consultants
Evercore acted as financial advisor and legal advisor to the board of directors of the company’s board of directors, which is composed exclusively of independent directors: Fried, Frank, Harris, Shriver& Jacobson LLP. Served as legal counsel for Seward &Kissel LLP. Orrick, Herrington & Sutcliffe LLP acted as legal counsel for SPII.
About Drys Inc.
DryShips, Inc. is a holding company. Stock symbol is nasdaq: dryshttps://www.webull.com/quote/nasdaq-drys. Diversified owner and operator of offshore cargo vessels. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries. Under its offshore support segment, the Company operates as a provider of offshore support services to the global offshore energy industry. The Offshore support segment operates a diversified fleet of offshore support vessels. It owns a fleet of approximately 20 Panamax drybulk carriers, which have a combined deadweight tonnage (dwt) of approximately 1.5 million dwt and an average age of approximately 10 years, and six offshore supply vessels, comprising over two platform supply and four oil spill recovery vessels, and have an average age of approximately 3.1 years. Also, the company is 100% owned by Heitman, the leading commercial tanker pool operator.. Diversified owner and operator of offshore cargo vessels. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries. Under its offshore support segment, the Company operates as a provider of offshore support services to the global offshore energy industry. The Offshore support segment operates a diversified fleet of offshore support vessels. It owns a fleet of approximately 20 Panamax drybulk carriers, which have a combined deadweight tonnage (dwt) of approximately 1.5 million dwt and an average age of approximately 10 years, and six offshore supply vessels, comprising over two platform supply and four oil spill recovery vessels, and have an average age of approximately 3.1 years. Also, the company is 100% owned by Heitman, the leading commercial tanker pool operator.. Diversified owner and operator of offshore cargo vessels. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries. Under its offshore support segment, the Company operates as a provider of offshore support services to the global offshore energy industry. The Offshore support segment operates a diversified fleet of offshore support vessels. It owns a fleet of approximately 20 Panamax drybulk carriers, which have a combined deadweight tonnage (dwt) of approximately 1.5 million dwt and an average age of approximately 10 years, and six offshore supply vessels, comprising over two platform supply and four oil spill recovery vessels, and have an average age of approximately 3.1 years. Also, the company is 100% owned by Heitman, the leading commercial tanker pool operator.
Forward-looking statements
The issues discussed in this report may be forward-looking statements within the meaning of the Private Securities Litigation Act 1995. The Private Securities Litigation Reform Act of 1995 provides safe harbor safeguards for forward-looking statements to encourage companies to provide the future. Information about their business. The company intends to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and include this warning statement about the Safe Harbor Act.
The forward-looking statements in this publication are based on a variety of assumptions, many of which, based on assumptions, are unlimited, management’s review of historical operating trends, data in company records, and other data from third parties. Although the company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant uncertainty and coincidences, which are difficult or impossible to predict and are beyond the control of the Company or accomplish these expectations. If you want to know more stock news like nysegsprd, you can check at https://www.webull.com/quote/nyse-gs-prd .
