Ocean Rig UDW (ORIG) -4.5% AH after DryShips (DRYS) reveals plans to sell 5M ORIG common shares...

|About: Ocean Rig UDW Inc. (ORIG)|By:, SA News Editor

Ocean Rig UDW (ORIG) -4.5% AH after DryShips (DRYS) reveals plans to sell 5M ORIG common shares it owns in a public offering. ORIG will receive no proceeds from the sale. This may not be the final share sale, as DRYS still is expected to own ~61.3% of ORIG’s outstanding shares after the offering. DRYS +0.4% AH.