Diana Shipping Inc. Increases All-Cash Offer to Acquire Genco Shipping & Trading to $24.80 Per Share
Diana Shipping Inc. (DSX) increased its all-cash tender offer for Genco Shipping & Trading (GNK) to $24.80 per share, up from $23.50, and extended the deadline to June 26, 2026. The new price represents a 39% premium to Genco’s pre-offer closing price and approximately 1.0x net asset value, backed by $1.43 billion in fully committed financing from a consortium of major banks.
Key figures
- Deal Value Usd
- 1433000000
- Offering Price
- 24.8
- Nav multiple
- 1.0x
- Previous offer price
- 23.5
- Premium to 30 day vwap
- 48%
- Diana genco shares owned
- 6264548
- Diana genco ownership pct
- 14.4%
- Premium to pre offer close
- 39%
AI analysis
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