---
title: "Diana Shipping withdraws bid to buy Genco after board seeks about USD 36.91 per share"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295973777.md"
description: "Diana Shipping withdrew its bid to acquire remaining Genco shares after Genco's board rejected the initial offer. The board countered with a proposal valued at approximately USD 36.91 per share, comprising cash, dividends, and Diana stock, representing a 42% premium. This counterproposal would result in Genco investors owning about 47% of the combined entity."
datetime: "2026-08-14T20:38:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295973777.md)
  - [en](https://longbridge.com/en/news/295973777.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295973777.md)
generator: "portal-rs"
---

# Diana Shipping withdraws bid to buy Genco after board seeks about USD 36.91 per share

-   Diana Shipping withdrew its offer to buy the Genco shares it does not already own. \* Latest proposal offered USD 24.8 cash per Genco share, adjusted for a USD 0.8 dividend, plus one Diana share valued at USD 2.54. \* Genco’s board countered with USD 27.5 cash, USD 2 in projected dividends, and three Diana shares, implying about USD 36.91 per share. \* The counterproposal implied a 42% premium to Genco’s Aug. 13 close, based on Diana’s USD 2.47 closing price. \* Three Diana shares per Genco share would leave Genco investors owning about 47% of the combined company. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diana Shipping Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608141638PRIMZONEFULLFEED9810658) on August 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**