Diana Shipping Offers $20.60 Per Share All-Cash Bid for Genco

Reuters01-14

Diana Shipping Offers $20.60 Per Share All-Cash Bid for Genco

Diana Shipping Inc. has reiterated its proposal to acquire all outstanding shares of Genco Shipping & Trading Limited that it does not already own, offering $20.60 per share in cash. The proposal, which Diana describes as an attractive all-cash offer providing immediate value, was recently rejected by Genco’s Board of Directors, who communicated an unwillingness to engage on the terms outlined. Diana, which currently owns approximately 14.8% of Genco’s common stock, expressed disappointment over the rejection and delays, and stated its Board is considering all options to advance the offer.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diana Shipping Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9625204-en) on January 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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