Genco Shipping & Trading Limited has rejected Diana Shipping Inc.'s extended tender offer of $24.80 per share, stating it undervalues the company and lacks a control premium. Genco's board recommends shareholders not to tender their shares, highlighting the potential benefits from its value strategy and dividends in a strong market. The board continues to review a separate non-binding proposal from Diana and remains committed to maximizing shareholder value. Shareholders who tendered can still withdraw their shares before the offer expires.
Lands' End awarded CEO Charlie Cole inducement grants including 109,361 restricted stock units and options for 166,018 shares at $11.43 each, vesting over three years. These grants are outside shareholder-approved plans and aim to incentivize his lea...
Canon U.S.A. revealed its next-generation varioPRESS iV7 B2+ sheetfed inkjet press at the thINK Ahead 2026 conference, marking its first U.S. live demonstration. The varioPRESS iV7 offers high-speed printing up to 8,700 B2 sheets per hour, bridging t...
Mesoblast has reached its goal of treating 300 patients in its pivotal Phase 3 trial of rexlemestrocel-L, a cell therapy for chronic low back pain caused by degenerative disc disease. This trial aims to confirm pain reduction benefits seen in earlier...
The U.S. Department of War has suspended the Cybersecurity Maturity Model Certification (CMMC) Phase II requirements originally set for November 2026, following concerns from small defense contractors about high compliance costs and bureaucratic burd...
Chewy's stock was upgraded from Hold to Buy following a 40% decline and compressed earnings multiples. Despite some earnings estimate misses, Chewy has shown consistent revenue and profit growth. The pet products market remains strong, supporting con...
