Genco Shipping rejects Diana Shipping takeover bid as inadequate
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Genco Shipping & Trading Issues Statement Regarding Diana Shipping’s Letter to Shareholders
April 13, 2026 5:23 PM EDTNEW YORK, April 13, 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 regarding Diana Shipping Inc.s (Diana) letter to Genco shareholders:
The Genco Board of Directors and management team are committed to maximizing value for Genco shareholders. Today, Diana issued a letter as part of its efforts to take control of Genco through an inadequate acquisition proposal and through replacing the entire Genco Board with its handpicked nominees.... More
