Diana Shipping has escalated its takeover attempt of Genco by launching a proxy fight, seeking to replace the company’s board after its revised bid was rejected again. While Diana argues the merger would create value, Genco maintains the offer undervalues the business and is not in shareholders’ interests. The dispute is now moving to a shareholder vote, setting up a high-stakes battle for control. Read more: https://www.maritimetelegraph.com/diana-shipping-genco-takeover/