Diana Shipping Increases Takeover Offer for Genco Shipping, Shares Rise

Genco Shipping & Trading (NYSE:GNK) shares rose 8% after Diana Shipping Inc. (NYSE:DSX) raised its takeover proposal to $27.34 per share, a combination of cash and stock. The revised bid reflects a 53% premium over Genco's November closing price and is fully financed with no conditions.

By Fiona Craig Wed, June 17, 2026 at 4:02 PM GMT+3 2 min read · Yahoo Finance · June 17, 2026, 13:02 UTC

Diana Shipping Increases Takeover Offer for Genco Shipping, Shares Rise

Tickers: $DSX $DSX PRB $GNK

Topics: shipping stock price movement takeover

Read the full article at Yahoo Finance

More World news

Teekay Tankers Shares Decline Despite Q3 Earnings Beat and New Vessel Orders Seeking Alpha · November 12, 2026, 18:27 UTC
U.S. 30-Year Treasury Auction Yields Rise as Demand Weakens Seeking Alpha · November 12, 2026, 18:30 UTC
Nvidia Names Colette Kress Interim CEO Following Jensen Huang's Resignation Motley Fool · November 12, 2026, 18:26 UTC
Bit Digital Reports Q3 2026 Net Income of $28.5 Million Amid Revenue Decline Motley Fool · November 12, 2026, 18:26 UTC
EZCORP Reports Strong Q4 2026 Results with Significant EBITDA and Revenue Growth Motley Fool · November 12, 2026, 18:16 UTC
Sabre Corp Shares Decline Following Travelport Denial of Merger Speculation Seeking Alpha · November 12, 2026, 18:21 UTC
Lufax Reports Third Quarter 2026 Net Loss Amid Rising Credit Impairment Costs Motley Fool · November 12, 2026, 18:15 UTC
Avantor Reports Return to Organic Revenue Growth in Third Quarter 2026 Motley Fool · November 12, 2026, 18:15 UTC
MGP Ingredients Rebrands to Sempreon and Announces Strategic Shift Toward Ready-to-Drink Products Motley Fool · November 12, 2026, 18:15 UTC
ICON Reports Q3 2026 Revenue of $2 Billion and Accelerating Book-to-Bill Ratio Motley Fool · November 12, 2026, 18:15 UTC