• Diana Shipping launched a tender offer to buy all outstanding shares of Genco Shipping & Trading for USD 23.5 per share in cash.
• Offer scheduled to expire June 2, 2026, subject to conditions including a definitive merger agreement, majority shareholder tenders on a fully diluted basis, termination or inapplicability of Genco shareholder rights plan, and Genco board approval under affiliate transaction provisions.
• Financing totals USD 1.43 billion in fully committed funding arranged by DNB Carnegie and Nordea, with participation from several banks.
• Star Bulk agreed to buy 16 Genco vessels for USD 470.5 million in cash upon completion of acquisition.
• Diana holds about 14.8% of Genco shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diana Shipping Inc. published the original content used to generate this news brief on May 04, 2026, and is solely responsible for the information contained therein.