Diana Shipping urges Genco shareholders elect six nominees to back USD 23.5 offer

Reuters04-13 22:49

Diana Shipping urges Genco shareholders elect six nominees to back USD 23.5 offer

Diana Shipping escalated activist campaign at Genco Shipping, urging shareholders to elect six Diana-backed independent nominees at Genco 2026 annual meeting.
Company pressed Genco board to engage on fully financed all-cash offer of USD 23.5 per share.
Diana said financing totals USD 1.4 billion, calling Genco claims about commitment levels misleading.
Letter criticized Genco adoption of poison pill with 10% trigger, citing entrenchment.
Diana highlighted Genco delay in setting 2026 annual meeting date, framing it as effort to limit shareholder vote.

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 on April 13, 2026, and is solely responsible for the information contained therein.

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