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Genco to hold annual meeting despite Diana Shipping revised bid

Wed, 17 Jun 2026 11:00:39 -0400

Genco Shipping & Trading Limited (NYSE: GNK) confirmed it received a revised unsolicited, indicative non-binding proposal from Diana Shipping Inc., according to a statement issued June 17, 2026.

Genco's board said it will review the revised proposal in consultation with its financial and legal advisors. The company said it will proceed with its annual meeting on June 18, 2026, as originally scheduled, noting that Diana announced its revised offer approximately 24 hours before the meeting date.

Genco stated that postponing the annual meeting would create undue burden on its shareholders, and emphasized that the meeting vote concerns board composition, not Diana's takeover

Genco to hold annual meeting despite Diana Shipping revised bid

Wed, 17 Jun 2026 11:00:39 -0400

Genco Shipping & Trading Limited (NYSE: GNK) confirmed it received a revised unsolicited, indicative non-binding proposal from Diana Shipping Inc., according to a statement issued June 17, 2026.

Genco stated that postponing the annual meeting would create undue burden on its shareholders, and emphasized that the meeting vote concerns board composition, not Diana's takeover

Genco to hold annual meeting despite Diana Shipping revised bid

Wed, 17 Jun 2026 11:00:39 -0400

Genco Shipping & Trading Limited (NYSE: GNK) confirmed it received a revised unsolicited, indicative non-binding proposal from Diana Shipping Inc., according to a statement issued June 17, 2026.

Genco stated that postponing the annual meeting would create undue burden on its shareholders, and emphasized that the meeting vote concerns board composition, not Diana's takeover

Genco to hold annual meeting despite Diana Shipping revised bid

Wed, 17 Jun 2026 11:00:39 -0400

Genco Shipping & Trading Limited (NYSE: GNK) confirmed it received a revised unsolicited, indicative non-binding proposal from Diana Shipping Inc., according to a statement issued June 17, 2026.

Genco stated that postponing the annual meeting would create undue burden on its shareholders, and emphasized that the meeting vote concerns board composition, not Diana's takeover

Genco to hold annual meeting despite Diana Shipping revised bid

Wed, 17 Jun 2026 11:00:39 -0400

Genco Shipping & Trading Limited (NYSE: GNK) confirmed it received a revised unsolicited, indicative non-binding proposal from Diana Shipping Inc., according to a statement issued June 17, 2026.

Genco stated that postponing the annual meeting would create undue burden on its shareholders, and emphasized that the meeting vote concerns board composition, not Diana's takeover

Genco to hold annual meeting despite Diana Shipping revised bid

Wed, 17 Jun 2026 11:00:39 -0400

Genco Shipping & Trading Limited (NYSE: GNK) confirmed it received a revised unsolicited, indicative non-binding proposal from Diana Shipping Inc., according to a statement issued June 17, 2026.

Genco stated that postponing the annual meeting would create undue burden on its shareholders, and emphasized that the meeting vote concerns board composition, not Diana's takeover

Genco to hold annual meeting despite Diana Shipping revised bid

Wed, 17 Jun 2026 11:00:39 -0400

Genco Shipping & Trading Limited (NYSE: GNK) confirmed it received a revised unsolicited, indicative non-binding proposal from Diana Shipping Inc., according to a statement issued June 17, 2026.

Genco stated that postponing the annual meeting would create undue burden on its shareholders, and emphasized that the meeting vote concerns board composition, not Diana's takeover

Genco to hold annual meeting despite Diana Shipping revised bid

Wed, 17 Jun 2026 11:00:39 -0400

Genco Shipping & Trading Limited (NYSE: GNK) confirmed it received a revised unsolicited, indicative non-binding proposal from Diana Shipping Inc., according to a statement issued June 17, 2026.

Genco stated that postponing the annual meeting would create undue burden on its shareholders, and emphasized that the meeting vote concerns board composition, not Diana's takeover

Diana Shipping raises Genco acquisition offer to $27.34 per share

Wed, 17 Jun 2026 07:34:18 -0400

Diana Shipping Inc. (NYSE: DSX) has raised its offer to acquire Genco Shipping & Trading Limited (NYSE: GNK), increasing the implied value to $27.34 per share, comprised of $24.80 in cash plus one Diana share valued at $2.54, based on Diana's 30-day volume-weighted average price as of June 16, 2026.

The revised offer represents a 53% premium to Genco's closing share price on November 21, 2025, the last trading day before Diana's initial acquisition proposal, a 16% premium to Genco's closing price of $23.51 on June 16, 2026, and a 6% premium to Genco's net asset value per share based on

Diana Shipping raises Genco acquisition offer to $27.34 per share

Wed, 17 Jun 2026 07:34:18 -0400

Diana Shipping raises Genco takeover bid to $27.34 per share