New York-listed bulker owner Diana Shipping has doubled its latest share buyback to a potential $10m.
The Greek company announced it was aiming to repurchase 1.4m shares last month at $3.55 each.
This has now been increased to 2.81m shares. The stock closed at $3.38 on Monday.
The offer deadline has been extended from 4 October to 11 October.
The company had said the move was in its best interests given its cash position — $121.4m
