Genco Rejects Diana Shipping Takeover Bid, Warns of Proxy Fight Risk
ByAinvest
Monday, Mar 30, 2026 9:29 am ET1min read
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Genco Shipping & Trading has urged shareholders to reject an unsolicited takeover attempt by rival Diana Shipping, arguing the proposal undervalues the company and warning of a potential proxy fight that could impact investor returns. Genco claims Diana's offer does not reflect the company's true value and that accepting it would put investor returns at risk. The company is advising shareholders to vote against the proposal.
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