Mergers & Acquisitions ·
Diana Shipping Inc. and Star Bulk Carriers Corp. mutually terminated their agreement under which Star Bulk would…
DSX-WTDiana Shipping Inc.
Diana Shipping Inc. and Star Bulk Carriers Corp. mutually terminated their agreement under which Star Bulk would acquire 16 vessels from Genco Shipping & Trading Limited upon completion of Diana's proposed acquisition of Genco. The termination was requested by Star Bulk, citing the Genco Board’s unwillingness to negotiate. Diana’s offer to acquire all outstanding Genco shares remains on the table at $24.80 per share in cash plus one Diana share valued at $2.54 based on a 30-day volume-weighted average price as of June 16, 2026. The termination has no impact on Diana’s fully committed $1.411 billion financing for the proposed transaction from six leading international banks. This filing relates to the global shipping transportation services industry, specifically involving the ownership and bareboat charter-in of dry bulk vessels.