Diana Shipping Inc. has initiated a tender offer to buy all outstanding shares of Genco Shipping & Trading at $23.50 per share in cash, representing a 31% premium over Genco's undisturbed share price. This move follows five months of unsuccessful attempts to engage with Genco's board, which rejected Diana's earlier proposals. The offer is fully financed with $1.433 billion secured and includes a plan to sell 16 Genco vessels to Star Bulk Carriers for $470.5 million upon acquisition. Diana urges Genco shareholders to accept the offer, highlighting the immediate cash value compared to long-term dividends, and has nominated six independent directors to Genco's board to ensure shareholder interests are prioritized. The tender offer expires on June 2, 2026, unless extended.
Polygon co-founder Sandeep Nailwal announced the launch of Open Money Stack, a new blockchain platform aimed at neobanks and fintech firms. This platform provides an integrated API covering wallets, payments, and compliance, simplifying financial ser...
Ark Invest's Cathie Wood forecasts Bitcoin's price reaching between $710,000 and $762,000 in a base case, with a bull case up to $1.5 million by 2030. This projection is based on Bitcoin's market cap potentially hitting $16 trillion, fueled by increa...
Bitcoin's market structure is weakening due to declining institutional demand and fragile retail optimism. Spot Bitcoin ETF outflows exceeded $1.74 billion, and Binance saw a 425% surge in BTC inflows, signaling cautious holder behavior amid geopolit...
Badlands Resources Inc. announced that its share consolidation, initially set for May 27, 2026, will now take effect at the start of trading on May 28, 2026. The consolidation will convert every 3.5 old shares into 1 new share on the TSX Venture Exch...
Meridian Holdings Inc. appointed Dejan Petković, a celebrated Serbian-Brazilian football legend, as its Global Brand Ambassador. Petković will spearhead the launch of Pet TV, a new multimedia platform focused on sports, culture, and entertainment, wi...
