• Genco Shipping & Trading issued a rebuttal to Diana Shipping’s latest statements, calling them misleading and accusing Diana of gamesmanship tied to recent sales of Genco shares.
• The board reiterated its recommendation that shareholders reject Diana’s $23.5 tender offer, citing fairness opinions from Jefferies and Morgan Stanley that the offer was inadequate.
• Genco said Diana’s offer undervalues the company and lacks a control premium, pointing to a mean sell-side NAV estimate of $26.54 and a median estimate of $26.8.
• The company warned Diana could seek to “empty vote” shares it has sold by voting stock held as of the record date for the 2026 annual meeting.

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: 202605181204PRIMZONEFULLFEED9722240) on May 18, 2026, and is solely responsible for the information contained therein.