Diana Shipping Inc. Raises Offer to Acquire Genco Shipping & Trading to $27.34 Per Share Comprised of $24.80 in Cash and One Diana Share
Diana Shipping Inc. increased its offer to acquire Genco Shipping & Trading to $27.34 per share, comprised of $24.80 in cash and one Diana share valued at $2.54. The Revised Offer represents a 53% premium to Genco's undisturbed share price and a 6% premium to NAV, backed by $1.433 billion in committed financing with no financing condition.
Key figures
- Deal Value Usd
- $1.433 billion
- Offering Price
- 27.34
- Cash component
- $24.80
- Premium to nav
- 6%
- Stock component value
- $2.54
- Gnk shares owned by dsx
- 6,264,548
- Premium to undisturbed price
- 53%
- Premium to closing price june 16
- 16%
AI analysis
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