The revised offer values Genco at $27.34 per share, consisting of $24.80 in cash and one Diana share valued at $2.54, based on Diana’s 30-day volume-weighted average price as of June 16, 2026. This represents a 16 percent premium to Genco’s current share price.
Diana has requested Genco to postpone its Annual Meeting, originally set for June 18, 2026, to give Genco’s Board and shareholders adequate time to assess the enhanced proposal.
Semiramis Paliou, Diana’s Chief Executive Officer, stated, “The combination of Diana and Genco would create one of the largest and most capable drybulk operators in the world, a platform with greater fleet scale and flexibility, enhanced operating leverage, and expanded investor attention and trading liquidity.”
 has increased its offer to acquire all outstanding shares of Genco Shipping & Trading Limited (GNK) with a revised value of $27.34 per share, including cash and stock components.){kind=link}