• Diana Shipping extended its unsolicited tender offer to buy Genco Shipping shares it does not already own for USD 24.8 a share in cash.
• Genco’s board reiterated it had rejected the USD 24.8 bid, citing undervaluation versus net asset value and no control premium.
• The tender offer extension comes despite a separate June 17, 2026 non-binding proposal outlining USD 24.8 in cash plus one Diana share.
• Genco said it is reviewing the June 17 proposal with advisers.

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: 202606290955PRIMZONEFULLFEED9754048) on June 29, 2026, and is solely responsible for the information contained therein.