Why Is Diana Shipping Stock Gaining on Genco Deal Push?
Diana Shipping Stock rises as its Genco bid stays intact despite Star Bulk exiting the vessel deal, with $1.411 billion financing unchanged.
Diana Shipping wants to buy Genco (another shipping company), and even though a competitor dropped out, the deal is still on track with the same amount of money ready. This suggests Diana's plan looks solid, so people are more interested in buying the stock.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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