Diana Shipping Inc. Announces Extension of Financing to Support Acquisition of All Outstanding Shares of Genco Shipping & Trading
Diana Shipping extended its $1.412 billion fully committed financing package arranged by DNB Carnegie and Nordea to support its proposed acquisition of Genco Shipping. The $27.34 per share offer—comprising $24.80 in cash and one Diana share—represents a 53% premium to Genco's undisturbed price and remains on the table.
Key figures
- Tranche a
- 1102000000
- Tranche b
- 310000000
- Cash component
- 24.8
- Tranche b prior
- 331000000
- Financing amount
- 1412000000
- Offer price per share
- 27.34
- Stock component value
- 2.54
AI analysis
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