Diana Shipping Inc. has increased its acquisition offer for Genco Shipping & Trading to $27.34 per share, consisting of $24.80 in cash plus one Diana share valued at $2.54. This revised offer represents a 53% premium over Genco's share price before the initial proposal and a 6% premium to its net asset value, reflecting high drybulk asset values. Diana has requested Genco delay its annual meeting to allow proper evaluation of the offer, emphasizing the combined company's potential scale and market position. The offer is fully financed with $1.433 billion from six international banks and aims to provide Genco shareholders immediate cash plus equity participation in the merged entity.
Chicago Atlantic Real Estate Finance, a commercial mortgage REIT, announced a quarterly cash dividend of $0.47 per share for Q2 2026, payable on July 15, 2026. This dividend translates to an annualized rate of $1.88 per share. The dividend will be pa...
Boyd Group Services Inc. announced a cash dividend of C$0.156 per common share for the second quarter of 2026. The dividend will be paid on July 29, 2026, to shareholders recorded by June 30, 2026. Boyd Group is a major operator of collision repair c...
Amkor Technology's shares rose about 6% premarket following a 10-year partnership announcement with Taiwan Semiconductor to expand advanced semiconductor packaging and testing in Arizona. This deal aims to boost U.S. chip production capacity for AI a...
U.S. stock futures showed mixed results with Dow Jones futures down while Nasdaq 100 and S&P 500 futures rose as investors awaited the Federal Open Market Committee's interest rate decision. La-Z-Boy surged nearly 20% after reporting better-than-expe...
The S&P 500 fell 0.57% to 7,511.35 on Tuesday as investors rotated out of chip stocks into cyclical sectors. Traders on Polymarket predict a 78% chance the index will open higher on Wednesday, ahead of the Federal Open Market Committee meeting under ...
