Shipping
Battle of Bulkers Continues as Diana Increases Offer for Genco
Diana Shipping raised its offer to $24.80 per share for Genco Shipping & Trading, representing a 39 percent premium to pre-announcement share prices. The bid, extended until June 26, follows Diana's November 2025 merger proposal and includes a deal to sell some Genco ships to Star Bulk. Genco's board continues to reject the offers, citing undervaluation, with shareholders set to vote at the June 18 annual meeting.
