Genco Shipping rejects Diana's takeover proposal as inadequate
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Genco Shipping & Trading Issues Statement
March 20, 2026 1:35 PM EDTNEW YORK, March 20, 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 issued the following statement:
Gencos Board of Directors is committed to maximizing shareholder value. Dianas indicative proposal does not meet this standard and is not in the best interests of Genco shareholders. The proposal is well below Gencos intrinsic value and NAV and fails to provide a premium for control of Genco.
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