Genco Shipping urges shareholders to reject Diana's takeover bid, backing current board for 2026 vote.

Genco Shipping & Trading Limited has issued a statement urging shareholders to reject takeover attempts by Diana, labeling their claims as unsubstantiated and misleading. The company accuses Diana of trying to acquire control at a price below Genco's asset value and current trading price, without paying a control premium. Genco's board emphasizes its commitment to strong corporate governance and encourages shareholders to vote for the existing board in the upcoming 2026 Annual Meeting. Proxy materials and voting assistance are available to shareholders to support informed decisions.