George Economou’s offer to buy out the remaining shares of Nasdaq-listed DryShips has been voted through by shareholders, with the deal now set to complete tomorrow.
Economou company SPII Holdings launched the offer to take DryShips private in June, and a definitive merger agreement was entered into in August.
DryShips will become a wholly owned subsidiary of SPII tomorrow, and its listing will be removed from the Nasdaq Capital Market.
DryShips has a fleet of 32 vessels made up 20 bulkers, six tankers and six offshore vessels. It also owns tanker pool operator Heidmar, headed up by Pankaj Khanna.