Topic
takeover
Logistics Diana Shipping sweetens Genco bid again with cash-and-stock offer valuing target at $27.34 per share
Greek dry bulk owner Diana Shipping has increased its takeover proposal for US-listed rival Genco Shipping & Trading for a fourth time, adding a stock component and valuing Genco at $27.34 per share. The cash-and-stock offer includes $24.80 per share in cash plus one Diana share valued at $2.54. Diana CEO Semiramis Paliou stated the proposal provides a meaningful premium and immediate cash value while creating one of the largest publicly listed dry bulk operators.
Business Historic Cammell Laird Name Set to Disappear After Balaena Takeover of APCL Group
Balaena's acquisition of APCL Group will see the historic Cammell Laird shipyard renamed Balaena Birkenhead, ending a nearly 200-year-old brand. The deal merges five shipyards and 12 dry docks across the UK and Gibraltar.
Business Woodside Energy Dismisses ExxonMobil Takeover Speculation as Unfounded
Woodside Energy has denied any discussions with ExxonMobil regarding a potential acquisition, following media reports that the U.S. supermajor was evaluating Woodside as a target to bolster its LNG and Asian market presence. Bloomberg reported early-stage internal talks at ExxonMobil, but Woodside confirmed no proposal or negotiations exist.