Genco Shipping & Trading LTD Schedule 13D activist filings

Diana Shipping Inc. and Star Bulk Carriers Corp. have mutually terminated their agreement for Star Bulk to acquire 16 Genco vessels, while Diana's offer to acquire Genco remains active.

Diana Shipping Inc. has submitted a proposed merger agreement to acquire Genco Shipping & Trading Limited for $23.50 per share, following the rejection of a prior proposal.

Genco Shipping & Trading Ltd. rejected Diana Shipping Inc.'s revised non-binding acquisition proposal of $23.50 per share, prompting Diana to pursue a proxy fight for board seats.

Diana Shipping Inc. has escalated its attempt to acquire Genco Shipping & Trading Ltd. by nominating six directors and proposing by-law changes after Genco rejected its $20.60 per share cash offer.

Diana Shipping's all-cash offer for Genco Shipping & Trading was rejected, with Genco proposing to acquire Diana instead, escalating a potential dry bulk industry consolidation.

Diana Shipping Inc. has submitted a non-binding proposal to acquire all outstanding shares of Genco Shipping & Trading Limited not currently owned by Diana for $20.60 per share in cash.

Diana Shipping Inc. has increased its beneficial ownership in Genco Shipping & Trading Ltd to 14.93% through open market purchases totaling over $103 million.

Diana Shipping Inc. has significantly increased its beneficial ownership in Genco Shipping & Trading Ltd., acquiring 4,291,292 shares for over $61.7 million, representing 9.99% of the outstanding common shares.

Diana Shipping Inc. has disclosed a significant acquisition of 3.32 million common shares in Genco Shipping & Trading Ltd., representing a 7.72% beneficial ownership stake, for approximately $46 million.