DryShips (DRYS) Cancels Acquisition Plans for Two Panamax Vessels
DryShips Inc. (NASDAQ: DRYS) announced today that its previously announced agreement to acquire 2 Panamax vessels has been terminated.
George Economou, Chief Executive Officer of the Company, commented: "The acquisition of the 2 Panamax vessels has been terminated since no period employment could be secured in the agreed timeframe to consummate the purchase with the sellers. The agreement to acquire the 2 Panamax vessels was terminated at no cost to the Company."
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