Nov. 24 at 9:16 PM
$GNK Genco Shipping & Trading Confirms Receipt of a Non-Binding Indicative Proposal from Diana Shipping Inc.
"today confirmed that it has received a non-binding indicative proposal from Diana Shipping Inc. (NYSE:DSX) to acquire all of the outstanding shares of Genco not already owned by Diana for
$20.60 per share in cash. Diana has disclosed that they currently beneficially own approximately 14.8% of the Company's common stock."