Genco Shipping & Trading Rejects Non-Binding Indicative Proposal from Diana Shipping Inc.
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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gencoshipping.com
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Source: GlobeNewswire
Board Unanimously Determined Proposal Significantly Undervalues Genco, Has Significant Execution Risk with No Committed Financing and is Not in Best Interest of Shareholders Board Sought to Discuss Alternative Transaction Structure to Benefit Both Companies’ Shareholders NEW YORK, Jan. 13, 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 confirmed that its Board of Directors, with the recommendation of a committee of independent directors, unanimously rejected Diana Shipping Inc.’s non-binding indicative proposal to acquire all of the outstanding shares of Genco not already owned by Diana for $20.60 per share in cash, as the proposal materially undervalues Genco. Genco issued the following statement: The Genco Board of Directors is dedicated to upholding the highest standards for its fiduciary responsibilities and maximizing
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News
- Genco to Undertake 'Rigorous' Review of Diana Shipping Board Candidates [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Responds to Diana Shipping Inc.’s Intent to Nominate Directors to Replace Entire Genco BoardGlobeNewswire
- Genco Shipping & Trading (NYSE:GNK) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=GNK&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall StMarketBeat
- Genco Shipping & Trading (NYSE:GNK) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Genco Shipping & Trading Confirms Receipt of a Non-Binding Indicative Proposal from Diana Shipping Inc.GlobeNewswire
GNK
Earnings
- 11/5/25 - Miss
GNK
Sec Filings
- 1/16/26 - Form SCHEDULE
- 1/16/26 - Form DEFA14A
- 1/16/26 - Form DFAN14A
- GNK's page on the SEC website