DryShips provides update on appointment of Financial and Legal Advisors
Published by Claire Cuddihy,
Assistant Editor
Dry Bulk,
On 8 July, DryShips Inc. announced that the special committee (the Special Committee) of its Board of Directors, formed to consider the previously announced non-binding acquisition proposal (the Proposal) made by an entity controlled by the company’s Chairman and CEO, George Economou, has retained Evercore as its financial advisor and Fried, Frank, Harris, Shriver & Jacobson LLP as its legal advisor.
The Special Committee is comprised of the following independent and disinterested directors: George Kokkodis (Chair), Andreas Argyropoulos and George Demathas. The Special Committee is considering and evaluating the Proposal, and no decisions have been made with respect to the Special Committee’s response to the Proposal. There can be no assurance that any definitive agreement will be finalised and executed or that the Proposal or any other transaction will be approved or consummated. The company does not undertake any obligation to provide updates with respect to this or any other transaction, except as required under applicable law.
Read the article online at: https://www.drybulkmagazine.com/shipping/10072019/dryships-provides-update-on-appointment-of-financial-and-legal-advisors/
You might also like
Ready to revolutionise the cement industry?
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Vale has performed its first biofuel voyage for its iron ore shipping
Vale, in partnership with Oldendorff Carriers, has commenced its first biofuel voyage with the Hinrich Oldendorff fuelled by residual cooking oil and fuel oil.