Genco Shipping adopts one-year shareholder rights plan
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Genco Shipping & Trading Limited Adopts Limited Duration Shareholder Rights Plan to Protect the Best Interests of Shareholders
October 1, 2025 7:30 AM EDTNEW YORK, Oct. 01, 2025 (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 announced that its Board of Directors (the Board) has adopted a limited duration shareholder rights plan (the Rights Plan). The Rights Plan is effective immediately and has a one-year duration expiring on September 30, 2026.Â
The Rights Plan is similar to plans adopted by other public companies and is intended to enable all Company shareholders to realize the long-term value of their... More
