DryShips Update

DryShips on Wednesday commenced the mandatory offer period for the acquisition of all outstanding shares of Ocean Rig. The peri­od will run through June 11th. In the meantime, wholly-owned DryShips subsidiary Primelead Limited has upped its stake in Ocean Rig to 75.1%. This includes the 4.4% stake Cardiff had retained, which was sold to DryShips at NOK 45 per share last week. Meanwhile the

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