Stock Titan7/13/2026Neutral (0.049)
Diana Shipping (NYSE: DSX) extends Genco (GNK) offer, 29.7% of free shares tendered
Diana Shipping Inc. (NYSE: DSX) has extended its tender offer to acquire all outstanding shares of Genco Shipping & Trading Limited (NYSE: GNK) that it does not already own until July 24, 2026. As of July 10, 2026, 11,081,926 Genco shares, representing 29.7% of the shares not owned by Diana, have been tendered into the offer. Diana's proposal values Genco at $27.34 per share, comprising $24.80 in cash and one Diana share valued at $2.54.
