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GNK SCHEDULE 13D/A: Tender offer

Filed with the SEC on · accession 0001104659-26-097576

GNK filed a SCHEDULE 13D/A (schedule 13d/a) with the SEC on Aug 17, 2026. Diana Shipping Inc. withdrew its offer to acquire all outstanding shares of Genco Shipping & Trading not already owned by Diana, after the Genco Board demanded consideration valued at approximately $36.91 per Genco share. The stock moved -0.5% by the first close after the filing.

Summary of the filing

Diana Shipping Inc. withdrew its offer to acquire all outstanding shares of Genco Shipping & Trading not already owned by Diana, after the Genco Board demanded consideration valued at approximately $36.91 per Genco share. Diana remains Genco's largest shareholder and stated it will continue to hold the board accountable.

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Key details

Diana's withdrawn offer per Genco share (cash component)$25
Diana share value in withdrawn offer$3
Genco Board's demanded cash consideration per share$28
Genco Board's demanded dividends per share$2
Implied total consideration per Genco share demanded by Genco Board$37
Genco's recently declared dividend per share$1
Diana's closing share price on August 13, 2026$2
Genco management spending in first half of 2026 to protect personal interests$17.0M
Acquirer / largest shareholder of gencoDiana Shipping Inc.
Target companyGenco Shipping & Trading Limited
Investor relations contact for dianaCapital Link, Inc.
Media contact for dianaGasthalter & Co.
Chief executive officer, diana shipping inc.Semiramis Paliou
Chief corporate development, governance & communications officer and board secretary, diana shipping inc.Margarita Veniou

How GNK stock reacted

Close before

$26.34

Aug 14, 2026

First close after

-0.46%

$26.22

5 trading days

+0.68%

$26.52

Since filing

-1.29%

$26.00

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Frequently asked questions

What did GNK file with the SEC on Aug 17, 2026?

GNK filed a SCHEDULE 13D/A (Tender offer). Diana Shipping Inc. withdrew its offer to acquire all outstanding shares of Genco Shipping & Trading not already owned by Diana, after the Genco Board demanded consideration valued at approximately $36.91 per Genco share. Diana remains Genco's largest shareholder and stated it will continue to hold the board accountable.

What does a tender offer mean for GNK stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a SCHEDULE 13D/A?

A report the company filed with the SEC (the US market regulator). Start with the summary, then the key amounts and names. Compare it with the company’s earlier filings.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A SCHEDULE 13D/A (schedule 13d/a): A report the company filed with the SEC (the US market regulator).

How did GNK stock react to this filing?

GNK closed at $26.34 before the filing and $26.22 on Aug 17, 2026 (-0.46%). Five trading days later: $26.52 (+0.68%).

Other GNK SEC filings

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