Diana prices shares for secondary offering
The Greek drybulk shipowner Diana Shipping Inc. said it was pricing a previously announced secondary offering of 10 million shares of its common stock at $25 per share.
Underwriters have been granted a 30-day option to purchase from the company up to 1.5 million additional shares of common stock to cover any over-allotments.
Athens-based Diana owns and operates 13 modern Panamax dry bulk carriers and three Capesize dry bulk carriers. The delivery of one newbuilding Capesize dry bulk carrier is scheduled for November, with two additional newbuilding Capesize dry bulk carriers scheduled for delivery in 2010.
Diana prices shares for secondary offering
