Diana Shipping, a US-listed owner of 40 bulkers in the water and under construction, is about to buy back nearly one-tenth of its outstanding common stock.
Citing preliminary results of a self-tender offer that lasted from 2 December to New Year’s Eve, the company said that shareholders offered to sell back to the company 12.07m shares at $2 apiece.
“It is expected that the company will purchase all validly tendered shares from each tendering shareholder,” Diana said in a statement on Monday.
