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Genco Shipping & Trading Limited Shares Video Highlighting Diana Shipping’s Attempt to Acquire Genco on the Cheap

GlobeNewswire Inc.·
Genco Shipping & Trading Limited Shares Video Highlighting Diana Shipping’s Attempt to Acquire Genco on the Cheap

Genco Shipping & Trading Limited released a video and statement opposing Diana Shipping's $24.80 per share acquisition offer, arguing it undervalues the company at below net asset value and lacks an appropriate control premium. Genco's Board recommends shareholders vote for its nominees on the WHITE proxy card and reject Diana's tender offer, citing the strength of the drybulk market and the company's ability to deliver superior returns through its Comprehensive Value Strategy.

Read Full Article at GlobeNewswire Inc.
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