DryShips, Inc. (NASDAQ:DRYS) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -22.95% to $9.10. DryShips Inc. (NASDAQ:DRYS ) reported that it has reached contract with one of its lenders to resolveits outstanding loan obligations. Under the terms of the contract, the lending bank has agreed to a write-off of about 50% of the outstanding principal and interest due.
The Firm has repaid about $8.2 million of principal and will have to pay an additional amount of $2.0 million over the next 9 months against a full and final settlement of all of its obligations under the credit documents. The share price of DRYS attracts active investors, as stock price of week volatility recorded 146.18%. The stock is going forward to its 52-week low with 136.98% and lagging behind from its 52-week high price with -97.91%.
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -4.13% to close at $45.01 with the total traded volume of 1.64 Million shares. MACOM Technology Solutions Holdings, Inc. (MTSI) reported that it has entered into a definitive contract to takeover Applied Micro Circuits Corporation (AMCC), a global leader in Connectivity and Computing solutions for next-generation cloud infrastructure and Data Centers.
MACOM intends to divest the non-strategic Compute business within the first 100 days of closing as the business does not strategically align with the firm’s long-term focus. AppliedMicro stockholders are predictable to own about 15% of the combined firm on a pro forma basis.
MACOM intends to commence a tender offer to purchase each outstanding ordinary share of AppliedMicro for about $8.36 per share, consisting of $3.25 in cash and 0.1089 MACOM shares per share of AppliedMicro. The transaction value is about $770 million in diluted equity value, or about $688 million net of AppliedMicro’s cash position as of September 30, 2016. The firm has institutional ownership of 74.40%, while insider ownership included 1.20%. Its price to sales ratio ended at 4.40. MTSI attains analyst recommendation of 1.90 with week performance of 10.32%.