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Diana Shipping Withdraws Genco Acquisition Offer After Board Seeks $36.91/Share, Says 'Terms Are Unrealistic and Misaligned With Shareholders'

BenzingaAug 14, 2026, 8:49 PMBenzinga Newsdesk

Following Nine Months of Avoiding Engagement, Genco Board Demands Consideration Valued at Approximately $36.91 Per Share — a 57% Premium to Genco’s Undisturbed Share Price at the Time of Diana’s Last OfferGenco’s

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benzinga
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Aug 14, 2026, 8:49 PM
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Aug 14, 2026, 8:49 PM
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  1. BenzingaAug 17, 2026, 5:24 AMBenzinga Newsdesk

    Genco Shipping Issues Open Letter Rebutting Diana Shipping's Withdrawn Offer And Misleading $36.91 Per Share Valuation Claim, Reaffirms $27.50 NAV Framework And Projects Over $2.00 Per Share In Combined Q3-Q4 2026 Dividends

    Genco Board Provided Diana Clear Criteria for a Transaction Reflecting Fair Value and in the Best Interests of All Genco Shareholders Genco Sets the Record Straight on Diana’s Misleading Characterization of the

    Read original at benzinga