Drybulk shipper DryShips Inc. (DRYS) said it increased its offering of subsidiary Ocean Rig UDW Inc. (ORIG) stock to 7.5 million shares from 5 million, saying it expects to raise about $126.4 million.

Ocean Rig shares slid 4.8% premarket to $16.70. DryShips didn't say how much it expects to sell each share for.

After the sale, which is expected to close Thursday, DryShips will still own about 59.4% of Ocean Rig's roughly 131.7 million outstanding shares.

Ocean Rig, which provides offshore drilling services, won't receive any proceeds from the offering.
Ακολουθήστε το energia.gr στο Google News!Παρακολουθήστε τις εξελίξεις με την υπογραφη εγκυρότητας του energia.gr

Διαβάστε ακόμα