Genco Shipping Rejects Revised $24.80 Bid from Diana Shipping

Genco Shipping's board rejected a revised unsolicited tender offer of $24.80 per share by Diana Shipping, stating the bid still undervalues Genco. The rejection indicates ongoing disagreement over valuation between the two companies.

By Carl Surran, SA News Editor · Seeking Alpha · June 2, 2026, 11:19 UTC

Genco Shipping Rejects Revised $24.80 Bid from Diana Shipping

Tickers: $DSX $DSX PRB $GNK

Topics: acquisition shipping industry

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