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Author has a degree in Engineering and is an avid investor in the market. Experience in industrial materials and structures. In college studied atomic & nuclear physics as well as material engineering. Eastern European
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  • DRYSHIPS to raise $500M by selling just 20% stake in Oil Rig unit 1 comment
    Dec 3, 2010 12:19 PM | about stocks: DRYS, EXM, TBSI

    Whats so important about this? That values the Oil Rig unit $2.5B thats more than (NASDAQ:DRYS) total market cap.

    The company, based in Athens, Greece, said the money will come from separate share sales. One of its subsidiaries, Ocean Rig UDW Inc., will raise about $500 million by selling shares. DryShips said it will own about 78 to 80 percent of Ocean Rig when the deal is completed.

    Stocks: DRYS, EXM, TBSI
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  • Hal10034
    , contributor
    Comments (41) | Send Message
    But will they succeed in getting $500 million for 20% of Ocean RIg?
    3 Dec 2010, 03:18 PM Reply Like
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