The potential buyer is also controlled by the Athens-based shipper’s CEO, George Economou. The move, if completed, would fold in DryShips as a subsidiary of SPII.
Investors are confident in the arrangement, sending the share price 24% higher to $3.92 Thursday morning.
The company’s board has formed a special committee of disinterested directors to evaluate the offer.
DryShips owns a fleet of 32 vessels that it operates around the world, including dry bulk shipping vessels, tankers and offshore support vessels.
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