Diana Shipping Inc. Sends Open Letter to Genco Shipping & Trading Shareholders
Diana Shipping Inc., a NYSE-listed global dry bulk shipping company and Genco's largest shareholder owning approximately 14.8%, publicly calls out Genco's board for refusing to engage on Diana's fully financed, all-cash $23.50 per share acquisition offer. Diana accuses Genco's board of entrenchment tactics including poison pill adoption, delaying t…