Genco Shipping & Trading Acquired by Diana Shipping | Logistics M&A Deal

Diana Shipping has commenced the acquisition of Genco Shipping & Trading, a logistics other business in New York, for $1.433 billion. Diana Shipping acquisitions target Genco Shipping & Trading Limited, a dry bulk shipping operator with exposure to global vessel markets, including NYSE-listed trading. The logistics M&A strategy is a strategic acquisition by Diana Shipping to expand its dry bulk ownership and capture value at cyclically high asset values. The merger acquisition is structured as a cash tender offer at $23.50 per share, backed by $1.433 billion in fully committed financing, and includes a definitive agreement to sell 16 vessels for $470.5 million. The offer expires June 2, 2026, unless extended, and is not subject to financing conditions.