Dividends, Equity Agreements, Upcoming Financial Results, Debt Extinguishments, and Other Announcements - Research Report on Teekay, DryShips, Con-way, Seaspan and FreeSeas

NEW YORK, October 15, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Teekay Corporation (NYSE: TK), DryShips, Inc. (NASDAQ: DRYS), Con-way Inc. (NYSE: CNW), Seaspan Corp. (NYSE: SSW) and FreeSeas Inc. (NASDAQ: FREE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Teekay Corporation Research Report

On October 4, 2013, Teekay Corp. (Teekay) announced that its Board of Directors has approved a cash dividend of c.$0.32 per share on its common stock, which is payable on October 31, 2013 to all shareholders of record as at October 16, 2013. The Full Research Report on Teekay Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6b25_TK]

DryShips, Inc. Research Report

On October 4, 2013, DryShips Inc. (DryShips) announced that it has entered into an Equity Offering Sales Agreement, dated October 4, 2013, with Evercore Group L.L.C. (Evercore), for the offer and sale of up to $200.0 million common shares of DryShips. According to the terms of the sales agreement, the Company may offer and sell its common shares at any time and from time to time through Evercore as its sales agent. George Economou, Chairman and CEO of the Company, said, "Drybulk shipping rates and ship values have increased recently and we believe this trend will continue particularly in the larger asset classes. Given the improved market backdrop, we believe this is an opportune time to flexibly access the equity capital markets to reduce some or all of our funding needs through 2014 that we currently estimate at $150 million." The Full Research Report on DryShips, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/104a_DRYS]

Con-way Inc. Research Report

On October 9, 2013, Con-way Inc. (Con-way) announced it will release its Q3 2013 financial results on Wednesday, October 30, 2013, after the market closes. The Company informed that it will also host a conference call on Thursday, October 31, 2013 at 8:30 a.m. EDT. Con-way stated that the call can be accessed through a live internet webcast in the investors section of its website and a replay and podcast of the presentation will also be available at the Company's website. The Full Research Report on Con-way Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1784_CNW]

Seaspan Corp. Research Report

On September 30, 2013, Seaspan Corporation (Seaspan) announced that it has exercised its options for the construction of five 10,000 TEU class containerships at Jiangsu New Yangzi Shipbuilding Co., Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd, which are scheduled for delivery in 2015 and will be constructed using Seaspan's fuel efficient SAVER design. The Company informed that it expects to sign long-term time charters for these vessels with one of the liner majors in the near term. The Full Research Report on Seaspan Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9212_SSW]

FreeSeas Inc. Research Report

On October 10, 2013, FreeSeas Inc. (FreeSeas) announced that it has received the approval of the Supreme Court of the State of New York on October 9, 2013 of the terms and conditions of an exchange agreement between FreeSeas and Crede CG III Ltd-a wholly owned subsidiary of Crede Capital Group.  Mr. Ion G. Varouxakis, Chairman, President and CEO of FreeSeas, said, "We are pleased to announce the extinguishment of approximately $30 million of debt, representing approximately one third of the Company's total bank debt. This transaction will result in significant gains, which are presently estimated to exceed $12 million. As a result, our balance sheet will be completely transformed, resetting us in position for future growth." The Full Research Report on FreeSeas Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4812_FREE]

EDITOR NOTES:

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
5. For any urgent concerns or inquiries, please contact us at [email protected].
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Namrata Maheshwari, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Analysts' Corner

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED