GlobeNewswire7/9/2026Somewhat-Bullish (0.219)
Genco Shipping & Trading Limited Comments on Diana Shipping Inc.’s Misleading Tender Offer Disclosures
Genco Shipping & Trading Limited has issued a statement urging its shareholders not to tender their shares into Diana Shipping Inc.'s offer, which Genco claims is misleadingly presented. Genco clarifies that the tender offer is for $24.80 per share in cash, not the $27.34 Diana suggests, and that an indicative, non-binding proposal combining cash and Diana stock is a separate matter. The Genco Board had previously rejected the $24.80 tender offer as undervaluing the company and is currently reviewing the separate non-binding proposal.
