Diana Shipping Says Fully Committed to Its Genco Offer, Urges Shareholders to Vote For Its Director Nominees

MT Newswires Live02:00

Diana Shipping (DSX) said Tuesday it is fully committed to its offer for Genco Shipping & Trading (GNK) and urged Genco shareholders to elect its six independent director nominees at the June 18 annual meeting.

Genco board has rejected its offers for the third time without any engagement, Diana Shipping said.

Diana Shipping also urged Genco shareholders to tender their shares pursuant to its tender offer at $24.80 per share in cash, according to a statement.

Price: 2.40, Change: -0.04, Percent Change: -1.84

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