Diana Shipping presses Genco board fight ahead of 2026 annual meeting

Reuters03-07

Diana Shipping presses Genco board fight ahead of 2026 annual meeting

Diana Shipping Inc. said it plans to solicit proxies ahead of Genco Shipping & Trading Limited’s 2026 annual meeting, where it is seeking the election of its director nominees after Genco’s board rejected Diana’s initial takeover proposal. Diana, led by Chief Executive Officer Semiramis Paliou, said it has increased its offer to buy the remaining Genco shares it does not own to $23.50 per share in cash and disclosed it owns about 14.8% of Genco’s outstanding shares.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000919574-26-001519), on March 06, 2026, and is solely responsible for the information contained therein.

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Diana, led by Chief Executive Officer Semiramis Paliou, said it has increased its offer to buy the remaining Genco shares it does not own to $23.50 per share in cash and disclosed it owns about 14.8% of Genco’s outstanding shares.\n      \n\n\nDisclaimer: 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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