Genco Shipping & Trading Issues Statement
Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK)
Last genco shipping & trading limited ordinary shares new (marshall islands) earnings: 2/25 04:30 pm
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US:NYSE Investor Relations:
gencoshipping.com
Company Research
Source: GlobeNewswire
NEW YORK, March 20, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today issued the following statement: Genco’s Board of Directors is committed to maximizing shareholder value. Diana’s indicative proposal does not meet this standard and is not in the best interests of Genco shareholders. The proposal is well below Genco’s intrinsic value and NAV and fails to provide a premium for control of Genco. Genco’s Board remains open to engaging with Diana upon receipt of an offer that appropriately reflects Genco’s intrinsic value and upside potential of the Genco business. Jefferies LLC is acting as financial advisor to Genco and Herbert Smith Freehills Kramer (US) LLP and Sidley Austin LLP are serving as legal counsel to Genco. Morgan Stanley & Co. LLC is acting as special advisor to the Board of Directors. About Genco Shipping & Tradi
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GNK
News
- Diana Shipping: Proposed Genco Acquisition Unlikely To Benefit Shares - Hold [Seeking Alpha]Seeking Alpha
- Genco Shipping & Trading Rejects Revised, Non-Binding Indicative Proposal from Diana Shipping Inc.GlobeNewswire
- Genco Shipping & Trading Limited (GNK) Delivers Strong Performance Amid Dry Bulk Market Activity [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Responds to Revised Unsolicited Proposal from Diana Shipping Inc. [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Responds to Revised Unsolicited Proposal from Diana Shipping Inc.GlobeNewswire
GNK
Earnings
- 2/17/26 - Beat
GNK
Sec Filings
- 3/20/26 - Form 4
- 3/20/26 - Form 4
- 3/20/26 - Form 4
- GNK's page on the SEC website