Diana Shipping, Star Bulk terminate deal for Star Bulk to buy 16 Genco vessels tied to takeover bid

Reuters2026/08/10 22:55

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Diana Shipping ended a deal for Star Bulk to buy 16 Genco vessels tied to Diana’s proposed acquisition of Genco.
Star Bulk requested the termination, citing a lack of engagement from Genco’s board.
Diana’s bid for the Genco shares it does not own remains: USD 24.8 per share cash, adjusted for a USD 0.8 dividend, plus one Diana share valued at USD 2.54.
The company kept USD 1.41 billion of committed financing from six banks for the proposed Genco transaction.

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 via GlobeNewswire (Ref. ID: 202608101854PRIMZONEFULLFEED9807377) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Diana Shipping, Star Bulk terminate deal for Star Bulk to buy 16 Genco vessels tied to takeover bid

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