Key facts
- Genco rejected Diana Shipping's acquisition offer.
- The offer was valued at $24.80 per share.
- Genco deemed the offer inadequate.
Genco has officially rejected an acquisition offer made by Diana Shipping. The proposed offer was valued at $24.80 per share. Genco's management has determined that this offer is inadequate and does not reflect the company's true value. Further details regarding the negotiation process or potential counter-offers were not immediately available.