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Diana Shipping Proposes Acquisition of Genco Shares

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Diana Shipping Proposes Acquisition of Genco Shares

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An update from Diana Shipping ( (DSX) ) is now available.

On November 24, 2025, Diana Shipping Inc. announced a proposal to acquire the remaining shares of Genco Shipping & Trading Limited for $20.60 per share in cash. Currently holding 14.8% of Genco’s shares, Diana’s offer represents a premium over recent trading prices and aims to enhance its fleet scale and operational leverage in the dry bulk market. The proposal, approved by Diana’s Board, is a non-binding expression of interest, with no guarantee of a finalized agreement. If successful, the acquisition could bring immediate cash value to Genco’s shareholders and strategic benefits to Diana, including increased fleet flexibility and operational efficiencies.

The most recent analyst rating on (DSX) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Diana Shipping stock, see the DSX Stock Forecast page.

Spark’s Take on DSX Stock

According to Spark, TipRanks’ AI Analyst, DSX is a Neutral.

Diana Shipping’s overall stock score reflects a strong operational position with high fleet utilization and improved net income. However, financial performance is mixed due to declining revenues and potential liquidity concerns. The stock’s technical indicators are positive, and its valuation is reasonable, providing a balanced outlook.

To see Spark’s full report on DSX stock, click here.

More about Diana Shipping

Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and chartering of dry bulk vessels. The company primarily operates short to medium-term time charters, transporting commodities such as iron ore, coal, and grain across worldwide shipping routes.

Average Trading Volume: 319,405

Technical Sentiment Signal: Strong Sell

Current Market Cap: $194.5M

See more insights into DSX stock on TipRanks’ Stock Analysis page.

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