
Shipping
Diana Rips Genco Board After Third Rejection, Urges Shareholders to Vote for Change
Diana Shipping intensified its takeover battle with Genco Shipping & Trading after the board rejected its $24.80-per-share all-cash tender offer for the third time. Diana's CEO Semiramis Paliou accused Genco of refusing constructive dialogue and wasting over $15 million defending against the campaign. The dispute culminates in a pivotal shareholder vote on June 18, when investors will decide on Diana's six independent director nominees, with the tender offer remaining open until June 26.























