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The latest announcement is out from Diana Shipping ( (DSX) ).
Diana Shipping Inc. announced the preliminary results of its tender offer, which aimed to purchase up to 15,000,000 shares of its common stock at a price of $2.00 per share. The offer was undersubscribed, with 12,067,782 shares tendered, including those under the guaranteed delivery procedure. Consequently, the company plans to buy all validly tendered shares, with the final results to be confirmed soon. This tender offer likely impacts the company’s financial structure and shareholder composition, potentially affecting its market positioning.
More about Diana Shipping
Diana Shipping Inc. is a global provider of shipping transportation services, primarily through the ownership and bareboat charter-in of dry bulk vessels. The company’s vessels are used mainly on short to medium-term time charters to transport dry bulk cargoes such as iron ore, coal, and grain along international shipping routes.
Average Trading Volume: 723,910
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $245.4M
See more insights into DSX stock on TipRanks’ Stock Analysis page.
