Diana Shipping (DSX) Raises Genco Shipping (GNK) Acquisition Offer to $27.34/Share

Diana Shipping Inc. (NYSE: DSX) has increased its all-stock offer to acquire Genco Shipping & Trading Ltd. (NYSE: GNK) to approximately $27.34 per share. This revised proposal, made public on June 17, 2026, aims to create a leading dry bulk shipping company through a strategic combination. The updated offer represents an increase from a previous, undisclosed bid by Diana Shipping. The proposed acquisition seeks to merge two significant players in the dry bulk sector, potentially enhancing fleet scale and operational efficiencies for the combined entity. The offer is subject to Genco's board approval.