BUZZ-Genco shares jump after Diana Shipping proposes $20.60 cash offer
Shares of Genco Shipping and Tradingrise ~7% at $19.09Diana Shipping, which owns about 14.8% of GNK’s outstanding shares, offers acquire to acquire the remaining outstanding shares of Genco for $20.60 per share in cashThe deal represents a premium of 15% as per GNK’s last close on November 21DSX says proposal is non-binding and approved by board, adds there is no guarantee a final deal will be reachedDSX shares rises 1.2% to $1.7Including session’s moves, GNK up 37% YTD
Shares of Genco Shipping and Trading (GNK.N) rise ~7% at $19.09
Diana Shipping (DSX.N) , which owns about 14.8% of GNK’s outstanding shares, offers acquire to acquire the remaining outstanding shares of Genco for $20.60 per share in cash
The deal represents a premium of 15% as per GNK’s last close on November 21
DSX says proposal is non-binding and approved by board, adds there is no guarantee a final deal will be reached
DSX shares rises 1.2% to $1.7
Including session’s moves, GNK up 37% YTD
