Your First Move For Thursday November 12th

Here’s our Fast Money Final Trade. Our gang gives you tomorrow’s best trades, right now.Karen Finerman thinks Brocade [BRCD  Loading...      ()   ] is a good deal at about $8.50.Joe Terranova recommends long Palm ...
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DryShips Announces It Has Signed Agreement With Deutsche Schiffsbank on Waiver Terms for $117.5 Million of Debt

ATHENS, GREECE--(Marketwire - 11/17/09) - DryShips Inc. (NASDAQ:DRYS - News) (the "Company" or "Dryships"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has signed an agreement with Deutsche Schiffsbank on waiver terms for two facilities with an aggregate of $117.5 million of its outstanding debt. George Economou, Chairman and Chief Executive Officer, commented: "I am delighted to report that with the signing of the Deutsche Schiffsbank waiver, we have now obtained all the necessary waivers for all of our outstanding debt. This resolves all cross default issues and is expected to result in the normal classification of our long term debt on our balance sheet. We would like to thank our banks for being extremely supportive of the company. DryShips is in a strong position to take advantage of the distressed opportunities that are emerging from banks, shipyards and other sources."About DryShips Inc.DryShips Inc., based in Greece, is an owner and operator of drybulk carriers and offshore oil deep water drilling that operate worldwide. As of the day of this release, DryShips owns a fleet of 39 drybulk carriers comprising 7 Capesize, 30 Panamax and 2 Supramax, with a combined deadweight tonnage of over 3.4 million tons, 2 ultra deep water semisubmersible drilling rigs and 4 ultra deep water newbuilding drillships.DryShips Inc.'s common stock is listed on the NASDAQ Global Market where it trades under the symbol "DRYS."Vi...
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DryShips Inc. Announces $300 Million Convertible Senior Notes Offering

ATHENS, GREECE--(Marketwire - 11/17/09) - DryShips Inc. (NASDAQ:DRYS - News) (the "Company" or "Dryships"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, today announced that it has commenced a public offering of $300 million aggregate principal amount of convertible senior notes. The underwriter for the offering will also have the option to purchase up to $45 million principal amount of additional notes solely to cover any over-allotments. The Company intends to use the proceeds from the offering for vessel acquisitions, working capital and other general corporate purposes. Concurrently with the offering of the convertible notes, the Company intends to enter into a share lending agreement with Deutsche Bank AG, London Branch ("Deutsche Bank AG"), under which it will loan to Deutsche Bank AG shares of its common stock having a market value of approximately $150 million. The Company also intends to enter into an equity underwriting agreement with Deutsche Bank Securities Inc. pursuant to which Deutsche Bank AG or its affiliates intend to sell shares of the Company's common stock that they will be entitled to borrow from the Company under the share lending agreement. These shares will be offered in an underwritten offering registered under the Securities Act of 1933, as amended, pursuant to the Company's existing shelf registration statement in order to facilitate hedging transactions undertaken by the purchasers of the convertible notes. The Company will not recei...
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InPlay: DryShips announces that it has signed agreement with Deutsche Schiffsbank on waiver terms for $117.5 mln of debt

6:26PM Boise Inc. announced that the previously announced secondary offering of 17 mln shares of its common stock has been priced at $4.85 per share (BZ) 5.09 +0.04 :   5:01PM Oncolytics Biotech announces unit offering (ONCY) 3.43 -0.26 : Co announced that it is undertaking an overnight marketed offering of units, each comprised of one common share and a portion of a common share purchase warrant to be effected in each of the Canadian provinces of British Columbia, Alberta, Manitoba and Ontario by way of a prospectus supplement to Oncolytics' base shelf short form prospectus, and in the United States...  ONCY intends to use the net proceeds from the offering to fund its previously announced Phase III combination REOLYSIN and paclitaxel/carboplatin trial for patients with platinum-failed head and neck cancers, its other clinical development and research and development activities, and for general corporate and working capital purposes. 5:00PM Coldwater Creek announced the resignation of Tim Martin, Senior Vice President and Chief Financial Officer (CWTR) 5.81 -0.27 : Co has appointed John E. Hayes, III, Senior Vice President and General Counsel of Coldwater Creek, to serve as interim Chief Financial Officer, effective November 25, 2009, until a permanent successor is named. 4:55PM Quest Diagnostics announces pricing of tender offer for any and all of certain of its outstanding notes (DGX) 59.07 -0.35 : Co announced the determination of the pricing for its previously announced cash tender offer to purchase any and all of its 5.125% Senior Notes due 2010 and any and all of its 7.50% Senior Notes due 2011. 4:44PM Hampton Roads Bankshares defers dividends on TARP preferred stock (...
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