George Economou’s public company DryShips has acquired full ownership of Connecticut-based pools operator Heidmar and installed Pankaj Khanna as the new chief executive.
DryShips has paid what appears to be a bargain-basement price of $17m to buy out the 49.8% holding of financial giant Morgan Stanley and a 0.4% stake held by Heidmar’s employees, according to sources familiar with the deal.
