Genco rejects Diana Shipping's $24.80 tender offer as misleading

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Genco Shipping & Trading Limited Comments on Diana Shipping Inc.’s Misleading Tender Offer Disclosures

July 8, 2026 11:14 AM EDT

Tender Offer is For Only $24.80 Per Share in Cash

Cautions Shareholders Not to Tender into $24.80 Per Share Tender Offer

NEW YORK, July 08, 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 the pending tender offer by Diana Shipping Inc. (Diana):

We are dismayed by Dianas continued misleading disclosures regarding its tender offer, and we caution... More