Genco rejects Diana Shipping's $24.80 per share tender offer

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

June 2, 2026 6:39 AM EDT

Offer Continues to Undervalue Gencos Assets and Business and Fails to Provide Control Premium for Its Leading Drybulk Platform

Genco Has Strong Momentum and Is Well Positioned to Continue Delivering Superior Value and Returns to Shareholders

Board Recommends Shareholders NOT Tender Their Shares Into Dianas Revised Offer

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