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DryShips Inc.NASDAQ
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  • Jul. 26, 2011, 9:59 AM

    DryShips (DRYS -4.5%) buys OceanFreight (OCNFD +78%) for $118M, as the cargo transporter looks to consolidate its fragmented drybulk business and add newer vessels with long-term charters to its fleet. OceanFreight holders will get $11.25  a share in cash, plus 0.52326 share of Ocean Rig UDW, a drilling services firm owned by DryShips.

    | Jul. 26, 2011, 9:59 AM