Key facts
- Genco Shipping rejected a revised takeover bid from Diana Shipping.
- Diana Shipping's revised offer was $24.80 per share.
- Diana Shipping's initial offer was $23.00 per share.
Genco Shipping has rejected a revised takeover bid from Diana Shipping. Diana Shipping had initially offered $23.00 per share, and subsequently revised its offer to $24.80 per share. The rejection indicates Genco Shipping's current stance on the proposed acquisition.