Diana Shipping Inc. Comments on Genco Shipping & Trading's Rejection of $24.80 Per Share All-Cash Tender Offer
Diana Shipping (DSX) commented on Genco Shipping (GNK)'s rejection of its $24.80 per share all-cash tender offer, marking the third rejection of increasingly compelling bids. Diana's CEO Semiramis Paliou accused the Genco board of refusing constructive dialogue and changing valuation methodologies to justify rejection, urging shareholders to elect six independent directors at the June 18 annual meeting.
Key figures
- Deal Value Usd
- $24.80 per share
- Diana genco shares
- 6264548
- Genco defense costs
- $15 million
- Offer price current
- 24.8
- Offer price initial
- 23.5
- Diana genco stake pct
- 14.4%
AI analysis
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