Diana Shipping Sells $32m of Genco Stock After Takeover Bid Collapses
Diana Shipping has sold 1.2m Genco Shipping & Trading shares for just over $32m following the collapse of its nine-month takeover campaign, cutting its stake to 11.62%.
Star Bulk Walks Away From 470 Million Dollar Genco Fleet Deal
Star Bulk has terminated its 470.5 million dollar agreement to buy sixteen bulk carriers, removing a central component from a long-running takeover attempt by another Greek owner.
Diana Shipping threatens to cut Genco takeover price
The Athens-based owner cites a $50 million drop in its US rival's fleet value since early June to justify a potentially lower offer.
Diana Shipping lets Genco tender expire but keeps takeover bid alive
Diana Shipping has let its hostile tender offer for Genco Shipping expire, but its $27.34-per-share takeover proposal for the US dry bulk owner remains on the table.
Diana extends its tender offer in Genco takeover push
Diana Shipping has extended its tender offer for Genco Shipping & Trading to late July, keeping its takeover push alive after a modest increase in shareholder support.
Diana and Genco trade fire before tender deadline
The takeover fight between Diana Shipping and Genco intensified before Diana's tender deadline, with the two sides clashing over price.
Diana keeps pressure on Genco with tender extension
Diana Shipping has extended its hostile $27.34-per-share tender offer for Genco Shipping & Trading to July 18, prolonging a closely watched dry bulk takeover battle.
Never miss a move
Maritime, in motion. In your inbox.
The vessel sales, incidents, and market moves worth knowing, sent as they happen.