Diana Shipping Drops $24.80/Share Genco Bid, Scales Back to Two Board Seats

Diana Shipping withdrew its $24.80/share cash bid for Genco Shipping on June 8, 2026, ending a seven-month pursuit. Diana, Genco's near-15% holder, had raised its offer from $20.60. Genco's board rejected every bid. Diana now seeks just two board seats, Jens Ismar and Paul Cornell, down from six.