The risks of mergers

Bruce Paulsen, Edward Horton and Jeffrey Dine, of Seward & Kissel LLP, look at trends in merger activity and litigation risk in shipping

Against the backdrop of the economic turmoil in the shipping sector, in late July 2011, DryShips Inc made a tender offer for common stock of OceanFreight, Inc, a Marshall Islands corporation whose shares were publicly traded in the US on the NASDAQ stock market.