NYSE:GNKShipping
Genco Shipping & Trading (GNK) Files $40.7 Million Shelf As Diana Bid Stays Open
Genco Shipping & Trading (NYSE:GNK) has filed a new shelf registration that could allow equity issuance of up to US$40.7 million.
The filing comes while a takeover offer from Diana Shipping Inc. remains open, with negotiations still active.
The tender offer has been extended and is unresolved, keeping Genco in the middle of an ongoing M&A process.
Public communications from Diana Shipping as a key shareholder highlight continuing debate over control and future direction of Genco.
Genco...