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Form SCHEDULE 13D/A GENCO SHIPPING & TRADING Filed by: DIANA SHIPPING INC.

Mon, 17 Aug 2026 08:18:00 -0400

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Form SCHEDULE 13D/A GENCO SHIPPING & TRADING Filed by: DIANA SHIPPING INC.

Mon, 17 Aug 2026 08:18:00 -0400

si-local-file:///var/storage/secattach/20260817/26935236.html

Genco rejects Diana Shipping takeover bid as undervalued

Mon, 17 Aug 2026 01:00:17 -0400

Genco Shipping & Trading Limited (NYSE: GNK) issued an open letter to shareholders on Aug. 17, 2026, following Diana Shipping Inc.'s withdrawal of its offer to acquire all outstanding Genco shares not already owned by Diana.

Genco's board stated it had communicated a transaction framework to Diana requiring compensation at net asset value (NAV) plus a control premium. According to the letter, Genco's advisors conveyed a framework of $27.50 per share in cash plus three Diana shares per Genco share. Genco valued Diana shares at approximately $1 each under this proposal.

Genco disputed Diana's public characterization of the framework as valuing Genco

Genco rejects Diana Shipping bid, calls offer below NAV

Mon, 17 Aug 2026 01:00:17 -0400

Genco Shipping & Trading Limited (NYSE: GNK) issued an open letter to shareholders after Diana Shipping Inc. withdrew its offer to acquire all outstanding Genco shares not already owned by Diana.

In the letter, Genco's board said it had provided Diana with a framework requiring any acquisition to compensate shareholders at net asset value (NAV) plus an appropriate control premium. Genco said both independent broker valuations and the median of five sell-side analyst estimates placed its NAV at approximately $27.50 per share.

Genco said its advisors conveyed a framework on August 13, 2026, proposing $27.50 per share in cash plus three Diana

Genco rejects Diana Shipping bid, calls offer below NAV

Mon, 17 Aug 2026 01:00:17 -0400

Genco Shipping & Trading Limited (NYSE: GNK) issued an open letter to shareholders after Diana Shipping Inc. withdrew its offer to acquire all outstanding Genco shares not already owned by Diana.

Genco said its advisors conveyed a framework on August 13, 2026, proposing $27.50 per share in cash plus three Diana

Genco rejects Diana Shipping bid, calls offer below NAV

Mon, 17 Aug 2026 01:00:17 -0400

Genco Shipping & Trading Limited (NYSE: GNK) issued an open letter to shareholders after Diana Shipping Inc. withdrew its offer to acquire all outstanding Genco shares not already owned by Diana.

Genco said its advisors conveyed a framework on August 13, 2026, proposing $27.50 per share in cash plus three Diana

Genco rejects Diana Shipping bid, calls offer below NAV

Mon, 17 Aug 2026 01:00:17 -0400

Genco Shipping & Trading Limited (NYSE: GNK) issued an open letter to shareholders after Diana Shipping Inc. withdrew its offer to acquire all outstanding Genco shares not already owned by Diana.

Genco said its advisors conveyed a framework on August 13, 2026, proposing $27.50 per share in cash plus three Diana

Genco rejects Diana Shipping bid, calls offer below NAV

Mon, 17 Aug 2026 01:00:17 -0400

Genco Shipping & Trading Limited (NYSE: GNK) issued an open letter to shareholders after Diana Shipping Inc. withdrew its offer to acquire all outstanding Genco shares not already owned by Diana.

Genco said its advisors conveyed a framework on August 13, 2026, proposing $27.50 per share in cash plus three Diana

Genco rejects Diana Shipping bid, calls offer below NAV

Mon, 17 Aug 2026 01:00:17 -0400

Genco Shipping & Trading Limited (NYSE: GNK) issued an open letter to shareholders after Diana Shipping Inc. withdrew its offer to acquire all outstanding Genco shares not already owned by Diana.

Genco said its advisors conveyed a framework on August 13, 2026, proposing $27.50 per share in cash plus three Diana

Genco rejects Diana Shipping bid, calls offer below NAV

Mon, 17 Aug 2026 01:00:17 -0400

Genco Shipping & Trading Limited (NYSE: GNK) issued an open letter to shareholders after Diana Shipping Inc. withdrew its offer to acquire all outstanding Genco shares not already owned by Diana.

Genco said its advisors conveyed a framework on August 13, 2026, proposing $27.50 per share in cash plus three Diana

Genco rejects Diana Shipping bid, calls offer below NAV

Mon, 17 Aug 2026 01:00:17 -0400

Genco Shipping & Trading Limited (NYSE: GNK) issued an open letter to shareholders after Diana Shipping Inc. withdrew its offer to acquire all outstanding Genco shares not already owned by Diana.

Genco said its advisors conveyed a framework on August 13, 2026, proposing $27.50 per share in cash plus three Diana

Genco rejects Diana Shipping bid, calls offer below NAV

Mon, 17 Aug 2026 01:00:17 -0400

Genco Shipping & Trading Limited (NYSE: GNK) issued an open letter to shareholders after Diana Shipping Inc. withdrew its offer to acquire all outstanding Genco shares not already owned by Diana.

Genco said its advisors conveyed a framework on August 13, 2026, proposing $27.50 per share in cash plus three Diana

Genco rejects Diana Shipping bid, calls offer below NAV

Mon, 17 Aug 2026 01:00:17 -0400

Genco Shipping & Trading Limited (NYSE: GNK) issued an open letter to shareholders after Diana Shipping Inc. withdrew its offer to acquire all outstanding Genco shares not already owned by Diana.

Genco said its advisors conveyed a framework on August 13, 2026, proposing $27.50 per share in cash plus three Diana

Genco Shipping & Trading Limited Issues Open Letter to Shareholders Following Withdrawal by Diana Shipping Inc. of its Offer