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DRYS dividends out 2% of OCRG – further increasing liquidity in OCRG

With chaos all around team DRYS remains a bastion of clear thinking value creation when it announced after Freshly Minted was published last week that its Board of Directors had approved the partial spin-off of its interest in the Company’s majority-owned subsidiary Ocean Rig UDW Inc., of which DryShips currently owns approximately 78% of the issued and outstanding common stock.

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Written by: | Categories: Freshly Minted, The Week in Review | August 11th, 2011 |

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