Genco Shipping rejects Diana Shipping's $23.50 per share offer
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Genco Shipping & Trading Rejects Revised, Non-Binding Indicative Proposal from Diana Shipping Inc.
March 19, 2026 8:00 AM EDTProposal Substantially Undervalues Genco, Fails to Provide an Appropriate Premium and Presents Execution Risks
Fire Sale of 16 Genco Vessels to a Competitor Highlights Dianas Undervalued Proposal
Board Remains Open to Engaging with Diana on an Offer That Recognizes Gencos Full Value for All Shareholders
NEW YORK, March 19, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (Genco or the Company), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that its Board of Directors unanimously... More
