Ocean Rig investor Avenue Capital joins BlueMountain, Elliott in call for hiring advisors to review strategic options
Ocean Rig UDW Inc. [NASDAQ:ORIG] investor Avenue Capital Group has joined BlueMountain Capital Management and Elliott International in recommending OceanRig hire advisors to review a range of measures including capital structure, utilization of significant assets, and possible strategic transactions.
Avenue Capital filed an amended 13D Tuesday reporting a stake of 7.7% disclosing the same agenda as BlueMountain and Elliott who both filed 13D/A's on Monday.
On 27 September Ocean Rig UDW announced it had completed its restructuring.
Cayman Islands-based Ocean Rig UDW, an international contractor of offshore deepwater drilling services, has a market cap of USD 2.37bn.