DryShips (DRYS) Announces One-for-Four Reverse Stock Split
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DryShips Inc. Announces Reverse Stock Split
August 5, 2016 9:00 AM EDTATHENS, GREECE -- (Marketwired) -- 08/05/16 -- DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), an international owner of drybulk carriers and offshore support vessels, announced today that its Board of Directors (the "Board") has determined to effect a 1-for-4 reverse stock split of the Company's common shares. At the Company's special meeting of shareholders on February 19, 2016, the Company's shareholders approved the reverse stock split and granted the Board, or a duly constituted committee thereof, the authority to determine the exact split ratio and proceed with the reverse stock split.
The reverse stock... More
