Ocean Rig: Shareholders Should Take No Action at this Point
Ocean Rig has been notified that DryShips Ïnc. has acquired additional shares, reached a total holding of more than 50% of the outstanding shares and is preparing a mandatory offer for the Company.
The Board of Ocean Rig urges shareholders to take no further action at this time pending clarification regarding the mandatory offer. The Board will issue an opinion related to the mandatory offer when it has been made public.
Ocean Rig owns and operates two of the world's largest and most modern drilling rigs, built for ultra deep waters and extreme weather conditions. The units are currently operating in the US Gulf of Mexico and in the North Sea.
Manages 14 Offshore Rigs
- Avenue Capital Urges Ocean Rig To Hire Advisers (Oct 17)
- Rig Contractor Ocean RIG Files For Bankruptcy Protection In US (Mar 28)
- Ocean Rig Acquires an Ultra Deepwater Drillship for $65M (Apr 27)
Company: Dryships Inc. more info
- Dryships to Sell Stake to Fund Deepwater Drillships (Dec 03)
- Dryships Seeks 4 New Ultra-Deepwater Drillships for $2.4B (Nov 23)
- DryShips Appoints Interim CEO for Subsidiary (Jul 15)