Shipping & Freight #genco#diana shipping
Genco Shareholders Routinely Re-elect Board, Defeating Diana Shipping's Board Challenge
Genco Shipping & Trading shareholders overwhelmingly re-elected all six company-backed director nominees, dealing a major setback to rival Diana Shipping's board challenge. Diana, which owns 14.4% of Genco, had sweetened its takeover offer to $27.34 per share but failed to gain board seats. The takeover saga continues as Genco reviews the latest proposal.
Jun 18, 2026 1 source