Diana commences self tender offer
(Posted on 24/04/19)
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced the commencement of a tender offer to purchase up to 3,125,000 shares, or about 3.1%, of its outstanding common stock using funds available from cash and cash equivalents at a price of $3.20 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on May 13, 2019, unless extended or withdrawn. The Board of Directors determined that it is in the Company’s best interest to repurchase shares at this time given Diana Shipping’s cash position and stock price. The tender offer is not conditioned upon any minimum number of shares being tendered; however, the tender offer is subject to a number of other terms and conditions. Specific instructions and an explanation of the terms and conditions of the tender offer are contained in the Offer to Purchase and related materials that are being mailed to shareholders.
Diana Shipping Inc. has retained Computershare Trust Company, N.A. as the depositary for the tender offer and Georgeson LLC as the information agent.
Copies of the Offer to Purchase, the related Letter of Transmittal and the Notice of Guaranteed Delivery are being mailed to the Company’s shareholders. Additional copies of the Offer to Purchase, the related Letter of Transmittal or the Notice of Guaranteed Delivery may be obtained at the Company’s expense from the information agent at (800) 248-7690 (toll free). Questions regarding the tender offer should be directed to the information agent at (800) 248-7690 (toll free). Parties outside the U.S. can reach the information agent at +1-781-575-2137.
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.
Latest News
ClassNK issues AiP for jointly developed ammonia fuelled bulk carrier
(Posted on 27/01/23)ClassNK has issued an Approval in Principle (AiP) for a large ammonia fuelled 210,000 DWT bulk carrier... Read more
Baltic Exchange: Will higher steel values mean bulkers hold value?
(Posted on 27/01/23)Investors in middle aged dry bulk tonnage may be cheered by the impact of sustained higher recycled... Read more
NI survey into Straits of Malacca and Singapore shipping traffic
(Posted on 27/01/23)As one of the most important strategic maritime passages in the world, linking the Indian and Pacific... Read more
Ship managers OSM and Thome agree to merge
(Posted on 23/01/23)OSM Maritime Group and Thome Group have agreed to a merger of the two companies. By joining forces,... Read more
Swedish Club announces key management moves
(Posted on 23/01/23)In a pivotal move aimed at further strengthening The Swedish Club’s long-term position in the... Read more
Danica Crewing Specialists adds Indian seafarers to crew pool
(Posted on 16/01/23)International crewing expert Danica Crewing Specialists now has a presence in Mumbai, boosting its recruitment... Read more
Campbell renews Fleet Xpress contract
(Posted on 10/01/23)Bahamas-based ship-management group Campbell Shipping has extended its relationship with Inmarsat, a... Read more
20,000FRT of iron ore reclaimer components on single AAL sailing
(Posted on 10/01/23)AAL’s scheduled monthly ‘Asia to Australia West Coast Liner Service’ (AUWC) recently... Read more
Britannia launches TR(B) Americas
(Posted on 10/01/23)Tindall Riley & Co Ltd./ the Managers of Britannia P&I announce that on 5 January 2023 it acquired... Read more
Swedish Club rings in New Year with welcome for new MD Nordberg
(Posted on 04/01/23)The Swedish Club has welcomed in the New Year, when it formally greeted its incoming Managing Director... Read more
