Diana Shipping Makes $20.60/Share Bid to Acquire Remaining Genco Shares
Background & Offer Details
- On 24 November 2025, Diana Shipping Inc. submitted a formal letter to Genco’s Board of Directors proposing to buy all remaining shares of Genco Shipping & Trading Limited.
- Diana currently owns ~14.8% of Genco’s outstanding shares.
- The offer price is US$ 20.60 per share, payable in cash.
Premium Analysis