The decision ends a nearly year-long takeover battle between the two shipping companies.

Diana Shipping has decided to drop its bid to acquire Genco Shipping & Trading, concluding a nearly year-long takeover battle between the two shipping companies.

Diana Shipping Drops Bid to Acquire Genco Shipping & Trading

Diana Shipping withdraws Genco acquisition offer after demands

<p align="center"><em>Following Nine Months of Avoiding Engagement, Genco Board Demands Consideration Valued at Approximately $36.91 Per Share — a 57% Premium to Genco’s Undisturbed Share Price at the Time of Diana’s Last Offer</em></p>

Diana Shipping Inc. has withdrawn its offer to acquire Genco Shipping & Trading after the Genco Board demanded a consideration valued at approximately $36.91 per share, representing a 57% premium to Genco’s undisturbed share price at the time of Diana’s last offer, following nine months of avoiding engagement.

Diana Shipping Inc. Withdraws Offer to Acquire Genco Shipping & Trading Following Genco Board's Outrageous Demands

Diana Shipping has officially withdrawn its acquisition bid for Genco Shipping & Trading, citing the Genco Board's demand for a share price of $36.91, a 57% premium, as a key factor in their decision.

Diana Shipping Withdraws Bid Amid Genco's High Demands

قررت ديانا للشحن سحب عرضها للاستحواذ على جينكو للشحن والتجارة، مما يمثل نهاية معركة استحواذ استمرت قرابة عام بين الشركتين. تأتي هذه الخطوة بعد مطالبات مختلفة أثرت على عملية الاستحواذ.

Diana Shipping ha decidido retirar su oferta de adquisición de Genco Shipping & Trading, marcando el final de una batalla de adquisición de casi un año entre las dos empresas navieras. Esta decisión sigue a varias demandas que influyeron en el proceso de adquisición.

Diana Shipping a décidé de retirer son offre d'acquisition de Genco Shipping & Trading, marquant la fin d'une bataille d'acquisition de près d'un an entre les deux entreprises de transport maritime. Cette décision fait suite à diverses demandes qui ont influencé le processus d'acquisition.

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Diana Shipping Drops Bid to Acquire Genco Shipping & Trading

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