M&A · Industrials · Deep Sea Foreign Transportation of Freight
Diana Shipping Inc. to acquire Genco Shipping & Trading Ltd
Announced Jun 17, 2026 · Pending Jun 17, 2026
Deal value$1.19BEV $1.46B
Premium53.0%To unaffected price
EV / Adj. EBITDA12.4x3.8x EV / Revenue
ConsiderationCash and stock$27.34 per share
Transaction
- Acquirer
- Diana Shipping Inc. (DSX)
- Target
- Genco Shipping & Trading Ltd (GNK)
- Buyer type
- Strategic
- Offer price per share
- $27.34
- Enterprise value
- $1.46B
- Status
- Pending Jun 17, 2026
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Not disclosed
Sector context · Industrials
- Comparable deals
- 99 in the prior 24 months
- Premium
- 53.0% vs. 34.0% sector median
- EV / Adj. EBITDA
- 12.4x vs. 11.1x sector median
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedJun 17, 2026
- ClosedPending