Diana Shipping Inc. Announces Extension of Tender Offer for All Outstanding Shares of Genco Shipping & Trading
Diana Shipping extended its tender offer to acquire all outstanding shares of Genco Shipping & Trading to July 10, 2026, with 10.6 million shares (28.4% of outstanding shares not owned by Diana) already tendered. The $27.34 per share offer, comprised of $24.80 in cash plus one Diana share valued at $2.54, is supported by $1.433 billion in committed financing from six international banks with no financing condition.
Key figures
- Deal Value Usd
- $27.34 per share
- Offering Price
- $27.34
- Shares Offered
- 10583484
- Cash component
- $24.80 per share
- Premium to nav
- 6%
- Stock component
- 1 Diana share valued at $2.54
- Financing committed
- $1.433 billion
- Shares tendered pct
- 28.4%
- Premium to share price
- 53%
AI analysis
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