Genco rises after Diana Shipping lifts buyout offer

Diana Shipping

17/06/2026 13:36

** Shares of Genco Shipping & Trading GNK.N rise 5.1% to $24.7 in premarket trading
** Diana Shipping DSX.N, the largest shareholder of GNK, raises offer to acquire co for $27.34 per share, comprised of $24.8 in cash and one DSX share valued at $2.54
** The offer represents a 16.3% upside on GNK's last close
** This follows DSX's previous offer of $20.6 per share 
** The new offer also represents a 53% premium to Genco's closing share price on November 21, 2025, the last trading day before Diana's initial acquisition proposal
** As of last close, GNK's shares up 27.6% YTD


 (Reporting by Parth Chandna)
 ((Parth.Chandna@thomsonreuters.com;))