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

DSX•2026-08-10

Deal termination tied to Genco bid

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 bid and financing remain in place

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.

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

Deal termination tied to Genco bid

Diana bid and financing remain in place

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