03/06 Another old school dry bulk shipper set to disappear? Update to the plan by Diana Shipping (DSX) to acquire Genko (GNK). DSX have increased their all-cash offer for GNK to $23.50/sh. DSX have established the financing of the transaction via several banks. Separately, Star Bulk Carriers, have offered $470.5M to DSX to acquire 16 vessels from DSX once the deal is completed.
Lots happening in shipping …