Diana Shipping (DSX) has announced plans to nominate six candidates to replace the current board of directors at rival Genco Shipping & Trading (GNK). This move follows Genco’s rejection of Diana’s all-cash takeover offer, which proposed purchasing outstanding shares at $20.60 each, representing a 15% premium. Diana, which holds approximately 15% of Genco, expressed disappointment … Continue reading Diana Shipping Proposes New Board for Genco Following Rejected Takeover Offer