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Home›News›Genco Shipping Announces Exercise of Over-Allotment Option
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October 2, 2007 · about 19 years ago

Genco Shipping Announces Exercise of Over-Allotment Option

Genco Shipping & Trading Limited (NYSE: GNK) today announced that the underwriters of the recently announced primary and secondary offering of shares of its common stock have partially exercised their option to purchase additional shares of the Company’s common stock to cover over-allotments, electi

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Genco Shipping & Trading Limited (NYSE: GNK) today announced that the underwriters of the recently announced primary and secondary offering of shares of its common stock have partially exercised their option to purchase additional shares of the Company’s common stock to cover over-allotments, electing to purchase an additional 149,254 shares from the Company and an additional 230,246 shares from the selling shareholder, Fleet Acquisition LLC, for a total of 379,500 shares. The public offering price of the shares is $67.00 per share.

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