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 24, 2026. As of July 10, approximately 11.1 million shares, representing 29.7% of Genco's outstanding shares not owned by Diana, had been tendered. The offer remains priced at $27.34 per share, consisting of $24.80 in cash and one share of Diana common stock, supported by $1.412 billion in committed financing from six international banks.
Key figures
- Deal Value Usd
- 1412000000
- Offering Price
- 27.34
- Cash component
- 24.8
- Premium to nav
- 6%
- Tendered shares
- 11081926
- Tendered percentage
- 29.7%
- Stock component value
- 2.54
- Premium to undisturbed
- 53%
- Stock component shares
- 1
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