Dryships Inc. Announces Agreement To Conduct A Private Placement And Subsequent Rights Offering
(WorldNews Greece)

DRYSHIPS INC. ANNOUNCES AGREEMENT TO CONDUCT A PRIVATE PLACEMENT AND SUBSEQUENT RIGHTS OFFERING August 11, 2017, Athens, Greece. DryShips Inc. (NASDAQ:DRYS) ("DryShips" or the "Company"), a diversified owner of ocean going cargo vessels, today announced that the audit committee of the Company`s board of directors (the "Audit Committee") has approved a binding term sheet (the "Term Sheet") pursuant to which the Company will sellthe Company`scommon shares to entities affiliated with its Chairman and Chief Executive Officer, Mr. GeorgeEconomou ("Mr. Economou"), for aggregate consideration of $100 million at a price of $2.75per share (the...