Genco Shipping & Trading announces 4.05 mln share public offering
Co announced the commencement of a public offering of primary and secondary shares of its common stock, par value $0.01 per share (the "Common Stock"). Genco expects to offer approximately 3,305,000 shares of Common Stock representing gross proceeds of approximately $215,000,000, and a selling shareholder is expected to offer 750,000 shares of Common Stock, pursuant to the Company's existing shelf registration statement.