Speculation has swept across New York trading floors that AP Moller-Maersk is eyeing up a takeover of George Economou’s DryShips. A leading analyst contacted by TradeWinds says he is not sure if there is anything behind the rumours, But, he says, they may not be as crazy as they may first appear. He explains DryShips’ drilling division accounts for around two thirds of the company. If Maersk feels it can secure contracts and financing for the Greek outfit’s four drillship newbuildings it will get its hands on the assets cheaper than it might elsewhere, the analyst says. He added: “You may think Maersk would be buying 14 capesizes but two thirds of the value [of DryShips] is drillships. If Maersk don’t want the bulkers it could sell them.” The key question is whether Economou is a willing seller. The analyst said: “He is not stretched and I don’t think he would sell below $9 per share.” Urs Dur, an analyst for Lazard Capital Markets, told the Wall Street Journal: “To me, it doesn’t look like anything more than market chatter. “Maersk is a very large company with a very conservative in long-term approach to things.” Still, you can never rule out anything, he adds
lol ... do you live in a Cave?
Please read the board before publishing duplicate information for the um-teenth time.
Yeah I agree. I prefer to see 12 postings by the same person saying "this stock is crap" or "Its going to $12".(sarcasm)Atleast this "real" news. Yes it is speculation, but no where near what is posted on this message board by both pump & dumpers and short & distorters.You should go request that every person that has more than one posting or topic "Please read the board before publishing duplicate information for the um-teenth time"