◆ NeutralSBLKDSXDSX.WSDSXpBGNK

Diana Shipping Inc. Challenges Genco Shipping & Trading's Repeated Efforts to Avoid Engagement By Shifting its Own Valuation Methodology

GlobeNewswire Inc.·
Diana Shipping Inc. Challenges Genco Shipping & Trading's Repeated Efforts to Avoid Engagement By Shifting its Own Valuation Methodology

Diana Shipping criticizes Genco Shipping's board for repeatedly shifting valuation methodologies to avoid engagement with its $24.80 per share all-cash acquisition offer. Diana argues its offer represents approximately 1.0x NAV using consistent broker valuations, while Genco's new methodology inflates valuations. Diana calls for independent valuation process, full NAV transparency, and removal of Genco's poison pill to allow shareholders to decide.

Read Full Article at GlobeNewswire Inc.
← Back to Financial Intelligence