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Get Ocean Rig shares for Free by buying DRYS

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December 06, 2010 – Comments (0) | RELATED TICKERS: DRYS , GNK , DSX

Dryships is rumored to IPO shares of Ocean Rig at some point in the future. Buying DRYS shares today gives a chance to get free shares of Ocean Rig.

Ocean Rig Shares Being Offered at $16-$21.50 Each, Terms Show

By Adam Haigh,  Bloomberg News - Dec 6, 2010 8:28 AM ET

 

DryShips Inc.’s wholly-owned subsidiary Ocean Rig UDW Inc. is offering about $500 million worth of shares of Ocean Rig’s common stock for $16 to $21.50 per share, according to terms of the sale obtained by Bloomberg News.

Books for investor orders opened today and will close on Dec. 15, the document showed. DnB NOR Markets, Fearnley Fonds and Pareto Securities are joint managers and bookrunners for the offering, the term sheet showed. Nordea and SEB Enskilda are co- managers, according to the document.

To contact the editor responsible for this story: Adam Haigh at ahaigh1@bloomberg.net

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