Diana Shipping Withdraws $24.80/Share Bid for Genco After Seven-Month Campaign

Diana Shipping withdrew its acquisition proposal for Genco Shipping & Trading, per Diana's June 8, 2026 disclosure, ending a seven-month pursuit. Diana — Genco's near-15% holder, per Reuters — raised its offer from $20.60 to $24.80 per share in cash. Genco's board unanimously rejected each bid. Diana now seeks just two board seats, Jens Ismar and Paul Cornell, down from a six-director slate.