Diana Shipping Raises Offer to Acquire Genco Shipping & Trading
March 9, 2026
Diana Shipping Inc. increased its all-cash tender offer to acquire the remaining shares of Genco Shipping & Trading Limited that it does not already own, offering $23.50 per share. Genco’s board has previously rejected Diana’s proposals as undervaluing the company and plans to issue a formal recommendation to shareholders.
- Buyers
- Diana Shipping Inc., Star Bulk Carriers Corp.
- Targets
- Genco Shipping & Trading Limited
- Industry
- Transportation
- Location
- New York, United States
- Transaction Type
- Buyout
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