Diana Shipping lets tender offer expire in Genco acquisition bid

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Go back to Diana Shipping lets tender offer expire in Genco acquisition bid

Diana Shipping Inc. Urges Genco Shipping & Trading to Stop Misleading Investors and Engage in Good Faith Negotiations

July 27, 2026 7:00 AM EDT

Offer of $27.34 Per Share, Comprised of $24.80 in Cash and One Diana Share, Remains on the Table

Genco's Characterization of Advisor Engagement to Discuss the Price, Terms and Structure of Dianas Proposal Is False

More Than Five Weeks After Diana's Most Recent Offer, the Genco Board Continues to Use Stall Tactics to Avoid Real Engagement

Diana Terminates Tender Offer to Eliminate Genco's Latest Excuse for Failing to Engage Substantively

ATHENS, Greece, July 27, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:... More