Diamond S Shipping Inc.

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DIAMOND S MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF DIAMOND S SHIPPING INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – DSSI

March 31, 2021.

New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Diamond S Shipping Inc. (NYSE: DSSI) to International Seaways, Inc. is fair to Diamond S shareholders. Under the terms of the merger agreement, Diamond S shareholders will receive 0.55375 shares of International Seaways common stock for each share of Diamond S common stock held.

The investigation concerns whether Diamond S and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Diamond S shareholders; (2) determine whether International Seaways is underpaying for Diamond S; and (3) disclose all material information necessary for Diamond S shareholders to adequately assess and value the merger consideration. On behalf of Diamond S shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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