Diana commences secondary offering
Diana Shipping Inc., shipping company specializing in the transportation of dry bulk cargoes, said Wednesday it has commenced a public offering of 10 million shares of its common stock.
The Athens-based company expects to grant the underwriters an option to purchase an additional 1.5 million common shares to cover any overallotments, exercisable within 30 days.
The company’s stock opened at $26.73 per share on the New York Stock Exchange where it trades, but fell in value about $2 this morning after the secondary offering was announced.
Diana commences secondary offering
