Latest News and Press Releases
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Shareholders Have a Critical Opportunity to Send a Strong Message to Genco’s Entrenched Board Significant Investor Support Emerging to Defeat Proposals to Ratify Genco's Poison Pill and Equity...
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ISS Recommendation Cites Entrenchment Concerns While Diana's $24.80 Per Share All-Cash Offer is on the Table Glass Lewis Recognizes Diana as a "Serious and Committed Bidder" and Highlights Risks That...
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Diana Has Consistently Offered Approximately 1.0x NAV Based on the Same Broker Valuation Source Genco Itself Used for Five Years Genco Has Now Moved the Goalposts by Adopting a New Methodology It...
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Response Definitively Confirms the Genco Board Rejects Engagement in Meaningful Negotiations Despite Diana's Repeated Good Faith Efforts Following Third Rejection of Increasingly Compelling Offers,...
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Details Why the Entrenched Genco Board Should Not Be Trusted to Act in Shareholders' Best Interests Contrasts Diana's Six Accomplished, Independent Nominees Against a Board That Has Spent Six Months...
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Diana Shipping Inc. Increases All-Cash Offer to Acquire Genco Shipping & Trading to $24.80 Per Share
Increase Reflects Net Asset Value at Cyclically High Asset Values and Diana's Unwavering Commitment to Completing a Value-Maximizing Transaction for All Genco Shareholders Amends Tender Offer Price...
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Offer of $23.50 Per Share Represents 31% Premium to Undisturbed Share Price and 1.0x NAV — a Price Genco Shareholders Have Almost Never Seen in the Open Market Genco Board Has Refused to Engage with...