• Diana Shipping raised its unsolicited cash tender offer for Genco to USD 24.8 per share for shares it does not already own.
• Genco’s board unanimously rejected the revised approach, calling it below net asset value and lacking a control premium.
• The offer price compared with mean analyst NAV estimates of USD 26.66 and median estimates of USD 27.1.
• Jefferies and Morgan Stanley delivered opinions dated June 1, 2026, that the consideration was financially inadequate for non-Diana shareholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genco Shipping & Trading Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606020639PRIMZONEFULLFEED9730412) on June 02, 2026, and is solely responsible for the information contained therein.