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17 August 2026

Genco hits back at Diana after takeover offer withdrawal

Downunder Voices Newsroom

Source reporting: Container News

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Genco hits back at Diana after takeover offer withdrawal

Genco Shipping & Trading has responded to Diana Shipping’s decision to withdraw its takeover offer, rejecting Diana’s characterization of the negotiations and defending the transaction framework proposed by its board. The latest statement marks another escalation in the dispute between the two dry bulk shipping companies. Diana announced on 14 August that it was withdrawing its offer to acquire the Genco shares it does not already own. The proposal consisted of US$24. 80 in cash, adjusted for Genco’s recently declared US$0.

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