DSX rises 4.2% after extending fully committed financing to support its all-share offer for GNK.
Diana Shipping Inc. announced an extension of its fully committed financing to back its proposal to acquire all outstanding shares of Genco Shipping & Trading Ltd. The move sent DSX shares up 4.2% in Tuesday’s trading session.
The financing was arranged by DNB Carnegie and Nordea, ensuring full backing for the acquisition offer. Diana Shipping’s bid aims to consolidate its position in the dry bulk shipping sector, though terms of the financing extension were not disclosed.
Shares of DSX reacted positively to the news, reflecting investor confidence in the deal’s progress. Genco Shipping has not yet responded to the extended offer.