08:27 AM EDT, 05/18/2026 (MT Newswires) -- Diana Shipping ( DSX ) said Monday that Genco Shipping & Trading ( GNK ) shares could fall significantly if its $23.50-per-share acquisition offer is withdrawn, arguing that the stock is currently supported by takeover expectations.

Genco shares could drop to about $17.50 if the bid fails, while Diana Shipping ( DSX ) stated that it has sold part of its stake at higher levels but remains a significant shareholder.

Diana Shipping ( DSX ) also urged Genco shareholders to support its six independent director nominees, saying board changes are needed to properly evaluate value-maximizing options, including its all-cash offer.

Shares of Diana Shipping ( DSX ) were down 1.9% while those of Genco were down 0.8% in recent Monday premarket activity.