Genco board rejects Diana Shipping's $23.50 per share tender offer

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Genco Shipping & Trading Limited Board of Directors Unanimously Rejects Diana Shipping’s Unsolicited Tender Offer

May 15, 2026 6:32 AM EDT

Offer Price is Unchanged from Prior Inadequate Proposal Continues to Undervalue Gencos Assets and Business, Fails to Provide Control Premium

Genco Board Recommends Shareholders NOT Tender Their Shares Into Dianas Offer

Urges Shareholders to Vote the WHITE Proxy Card FOR Gencos Directors

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