Financial Ports

Diana Shipping dumps Genco stake: $56.8m sell-off after failed bid

CLAVE 1 / 4Diana Shipping sold 275,000 Genco shares on September 1-2 for about $7.26m.

CLAVE 2 / 4The sell-off leaves Diana with 4.13 million shares, or 9.5% of Genco.

CLAVE 3 / 4Total proceeds from post-bid sales hit $56.8m since August 14.

CLAVE 4 / 4Genco shares lag peers, up just 4% since Diana withdrew its $24.80-per-share offer.

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