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Diana Shipping Inc. Increases Offer to Acquire Genco Shipping & Trading in Partnership With Star Bulk Carriers

AI Briefing

  • Diana Shipping Inc. is increasing its offer to acquire Genco Shipping & Trading in a partnership with Star Bulk Carriers.
  • The revised offer of $23.50 per share represents a 31% premium over the undisturbed closing price prior to the initial offer.
  • The partnership aims to create a leading global dry bulk shipping company.
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