Diana Shipping accuses Genco of changing valuation methods to avoid takeover

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Go back to Diana Shipping accuses Genco of changing valuation methods to avoid takeover

Diana Shipping Inc. Challenges Genco Shipping & Trading's Repeated Efforts to Avoid Engagement By Shifting its Own Valuation Methodology

June 4, 2026 4:00 PM EDT

Diana Has Consistently Offered Approximately 1.0x NAV Based on the Same Broker Valuation Source Genco Itself Used for Five Years

Genco Has Now Moved the Goalposts by Adopting a New Methodology It Has Never Previously Used to Further Entrench Itself and Avoid Engagement

Genco's Demand for a Control Premium on Top of Inflated NAV Estimates Is Inconsistent With How Publicly Traded Shipping Companies Are Trading and How Comparable Transactions Have Been Priced

Diana Calls on Genco to Agree to an Independent... More