Genco receives revised $23.50 per share bid from Diana Shipping

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Go back to Genco receives revised $23.50 per share bid from Diana Shipping

Genco Shipping & Trading Responds to Revised Unsolicited Proposal from Diana Shipping Inc.

March 6, 2026 1:37 PM EST

Board to Review Dianas Revised Indicative Proposal 

No Shareholder Action Required at This Time

NEW YORK, March 06, 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 confirmed it received a revised, non-binding indicative proposal from Diana to acquire all of the outstanding shares of Genco not already owned by Diana for $23.50 per share in cash. Diana previously disclosed that they currently beneficially own approximately 14.8% of the Company's... More