Genco Shipping rejects Diana Shipping's $23.50 acquisition bid

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Genco Shipping & Trading Sends Letter to Shareholders

March 30, 2026 8:30 AM EDT

Comprehensive Value Strategy Delivering Strong Results and Returns for Shareholders

Diana Shippings Proposal Substantially Undervalues Genco and Fails to Provide Appropriate Premium to Shareholders for Control of the Company

Replacing the Board with Diana Shippings Nominees Puts Shareholders Investment and Value at Risk

Genco Shareholders Do Not Need to Take Any Action at This Time

NEW YORK, March 30, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (Genco or the Company), the largest U.S.-headquartered... More