Genco urges shareholders to reject Diana Shipping's $24.80 per share tender offer

jp.investing.com (Japanese)

Genco Shipping & Trading urges shareholders to reject Diana Shipping's $24.80 per share tender offer. Genco stated Diana is pursuing two separate actions: a $24.80 cash tender offer and a non-binding proposal to acquire Genco for $24.80 cash plus one Diana share. The Genco board unanimously rejected the $24.80 offer, deeming it undervalued. Genco's stock currently trades above the offer price.


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Genco urges shareholders to reject Diana Shipping's $24.80 per share tender offer | News Minimalist