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DryShips (DRYS) Decides To Defer Stock Split
DryShips (NASDAQ: DRYS) announced that a special meeting of shareholders held today approved an amendment to the Company's Articles of Incorporation increasing the authorized shares of common stock to One Billion (1,000,000,000) shares, par value $0.01 per share, and the authorized shares of preferred stock to Five Hundred Million (500,000,000) shares, par value $0.01 per share.

Although DryShips previously announced its intention to effect a 3:1 stock split in the form of a share dividend following today's special meeting, the board of directors has determined that in light of recent developments in the trading price of the Company's common stock, it is in the best interests of the Company and its shareholders to defer the proposed stock split until a more favorable time in order to preserve shareholder value.

DryShips Inc is an owner and operator of drybulk carriers that operate worldwide.
Stock Splits (more headlines)
DryShips (DRYS) Decides To Defer Stock Split
DryShips (NASDAQ: DRYS) announced that a special meeting of shareholders held today approved an amendment to the Company's Articles of Incorporation increasing the authorized shares of common stock to One Billion (1,000,000,000) shares, par value $0.01 per share, and the authorized shares of preferred stock to Five Hundred Million (500,000,000) shares, par... (continued)
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