Diana Shipping warns may reassess USD 27.34-a-share bid for Genco after fleet value drop

• Diana Shipping is pressing to acquire Genco Shipping & Trading, keeping its offer of USD 27.34 per share on the table.
• The proposal is being framed against a recent pullback in Genco fleet values, with VesselsValue data showing a USD 50 million decline.
• VesselsValue puts Genco fleet value at USD 1.43 billion on July 28, down 3.4% from a USD 1.48 billion peak in early June 2026.
• Diana argues Genco shifted away from VesselsValue-based NAV metrics to higher broker estimates once the approach was launched.
• Diana warned that continued value erosion in a softening dry bulk market could prompt a reassessment of the offer price.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diana Shipping Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607281204PRIMZONEFULLFEED9799385) on July 28, 2026, and is solely responsible for the information contained therein.