When is the extended deadline for Diana Shipping’s tender offer for Genco?

Diana Shipping (NYSE:DSX) extended the tender offer deadline for Genco Shipping & Trading (NYSE:GNK) to July 10, 2026 at 5:00 p.m. ET.

How many Genco shares have been tendered so far?

As of June 26, 2026, 10,583,484 Genco shares, representing 28.4% of the float not owned by Diana, had been tendered.

What is the value of the offer per Genco share?

The offer values each Genco share at $27.34, consisting of $24.80 in cash plus one Diana share valued at $2.54.

Does Diana Shipping have financing for the transaction?

Yes, Diana Shipping (NYSE:DSX) has $1.433 billion in committed bank financing with no financing conditions.

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Diana Shipping extends tender offer for Genco Shipping to July 10

Written by Heidi Cuthbert Published Jun 29, 2026, 10:58 AM

Diana Shipping (NYSE:DSX) extended its tender offer for all outstanding shares of Genco Shipping & Trading (NYSE:GNK) to July 10, 2026.
As of June 26, 2026, 10,583,484 Genco shares, representing 28.4% of the float not owned by Diana, had been tendered.
The offer values Genco at $27.34 per share, consisting of $24.80 in cash plus one Diana share valued at $2.54.

Diana Shipping (NYSE:DSX) extended its tender offer for all outstanding shares of Genco Shipping & Trading (NYSE:GNK) it does not already own to July 10, 2026 at 5:00 p.m. ET.

As of June 26, 2026, 10,583,484 Genco shares, or 28.4% of the float not owned by Diana, had been tendered.

The increased offer values each Genco share at $27.34, comprising $24.80 in cash plus one Diana share valued at $2.54 based on Diana’s 30-day VWAP as of June 16, 2026.

Diana Shipping reports $1.433 billion in committed bank financing with no financing conditions.

The offer represents a 53% premium to Genco’s undisturbed share price and a 6% premium to Genco’s net asset value per share, based on VesselsValue data.

Diana Shipping continues to pursue the acquisition of Genco Shipping & Trading to create a leading dry bulk shipping company.

The company believes the combination will deliver significant value to shareholders through enhanced scale, operational efficiencies, and market positioning.