Ocean Rig UDW Inc. (ORIG)

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ORIG is retiring 40.4%(56M) of its shares outstanding, or 56.079 million shares.


From Seeking Alpha Article:

Ocean Rig UDW - Sayonara DryShips We Wish You Luck
http://seekingalpha.com/article/3963250-ocean-rig-udw-sayonara-dryships-wish-luck

Summary


•The newly unrestricted subsidiary has agreed to buy all of DryShips Inc.'s shares in Ocean Rig for total cash consideration of approximately $49.9 million.

•A quick calculation indicates that the deal translates to $0.89 per share, which is excellent for ORIG, which is retiring 40.4% of its shares outstanding, or 56.079 million shares.

•ORIG's ability to take advantage of this downturn is very impressive.

http://stockcharts.com/h-sc/ui?s=ORIG&p=D&b=5&g=0&id=p08673223603