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日本海事新聞ニュース Japan Maritime Daily Aug 20, 2026 (Thu)

Diana Shipping withdraws from its bid to acquire Genco

　Greek shipowner Diana Shipping announced on August 14 that it would withdraw from its bid to acquir ・・・続きはログインして下さいnext %E3%80%80Greek+shipowner+Diana+Shipping+announced+on+August+14+that+it+would+withdraw+from+its+bid+to+acquire+New+York-listed+bulk+carrier+Genco+Shipping+%26+Trading.+On+August+17%2C+Genco+published+an+open+letter+to+shareholders%2C+declaring+an+end+to+the+takeover+battle+that+had+been+ongoing+since+the+end+of+last+year.+Diana+again+strongly+criticized+Genco%E2%80%99s+management+for+refusing+to+negotiate.+Genco+again+accused+Diana+of+%E2%80%9Ctrying+to+take+over+Genco+at+a+low+price+below+its+NAV+%28net+asset+value%29.%E2%80%9C+Had+the+acquisition+been+completed%2C+it+would+have+created+a+bulk+carrier+company+with+a+fleet+of+about+80+vessels.+%3Cbr%3E%E3%80%80In+its+open+letter%2C+Genco+disclosed+that+it+had+notified+Diana+on+August+13+of+a+counterproposal+regarding+the+acquisition.+The+counterproposal+called+for+three+Diana+shares+in+addition+to+%2427.5+in+cash+per+share%2C+equivalent+to+Genco%E2%80%99s+NAV%2C+and+for+Genco+shareholders%E2%80%99+right+to+receive+dividends+until+the+acquisition+was+completed.+%3Cbr%3E%E3%80%80Based+on+Diana%E2%80%99s+closing+share+price+on+August+12%2C+the+consideration+per+Genco+share+rose+to+about+%2436.91%2C+approximately+57%25+higher+than+Diana%E2%80%99s+final+acquisition+offer.+Diana+denounced+the+counterproposal+as+an+%E2%80%9Cunrealistic+and+outrageous+demand.%E2%80%9C+The+company+decided+to+withdraw+from+the+acquisition%2C+criticizing+the+Genco+board+for+presenting+impossible+conditions+in+order+to+protect+their+own+positions.+%3Cbr%3E%E3%80%80Although+the+formal+acquisition+offer+has+been+withdrawn%2C+Diana+will+remain+Genco%E2%80%99s+largest+shareholder.+Semiramis+Paliou%2C+CEO+%28Chief+Executive+Officer%29%2C+commented%2C+%E2%80%9CWe+will+continue+to+monitor+Genco%E2%80%99s+management+and+hold+them+strictly+accountable+for+the+standalone+growth+and+dividend+policy+they+have+promised.%E2%80%9C+Genco%2C+meanwhile%2C+expressed+confidence+in+operating+independently+and+indicated+that+it+would+pursue+its+%E2%80%9Ccomprehensive+value+strategy%2C%E2%80%9C+supported+by+favorable+dry+bulk+market+conditions.+%3Cbr%3E%E3%80%80Diana+proposed+to+acquire+Genco+in+November+last+year+for+%2420.6+per+share%2C+but+raised+the+offer+to+%2424.8+per+share+after+Genco%E2%80%99s+management+maintained+its+refusal+to+negotiate%2C+saying+that+the+offer+price+was+too+low.+%3Cbr%3E%E3%80%80Diana+also+lost+a+proxy+fight+ahead+of+the+regular+shareholders%E2%80%99+meeting+in+June%2C+and+its+TOB+%28tender+offer+bid%29%2C+launched+with+a+July+24+deadline%2C+also+failed.+Greek+shipowner+Star+Bulk+Carriers%2C+which+had+agreed+to+purchase+16+Genco+vessels+conditional+on+Diana%E2%80%99s+acquisition+being+completed+and+planned+to+provide+financial+support+to+Diana%2C+terminated+its+agreement+with+Diana+on+August+10+because+Genco+had+refused+to+negotiate+for+a+long+time.+The+acquisition+negotiations+had+reached+an+impasse%2C+and+attention+was+focused+on+Diana%E2%80%99s+next+move.+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81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