Diana Raises Offer To $27.34 Per ShareDiana's revised proposal values Genco at an implied $27.34 per share, consisting of $24.80 in cash plus one Diana share, valued at $2.54 based on Diana's 30-day volume-weighted average price. The company said the offer represents a 53% premium to Genco's undisturbed share price in November 2025. It also reflects a 16% premium to the previous close and a 6% premium to Genco's net asset value.The cash portion of the offer, totaling about $1.43 billion, is fully backed by commitments from six international banks and carries no financing condition, according to Diana. The structure provides Genco shareholders with immediate cash value while allowing them to participate in the combined company’s potential upside.Genco Board Has Rejected Prior ProposalsDiana, already Genco's largest shareholder, has made several unsolicited bids as it seeks to create a larger dry bulk shipping platform. Genco's board has repeatedly rejected prior proposals, arguing they undervalue the company. The board has urged shareholders to support its incumbent directors on the WHITE proxy card.Annual Meeting Could Test Shareholder SupportDiana has requested that Genco postpone its June 18 annual meeting to give shareholders more time to evaluate the enhanced bid. The meeting could become a key test of investor support for Genco's standalone strategy versus Diana's consolidation plan.DSX Technical Outlook: Key Levels And MomentumThe stock is currently placed about 7.7% below its 20-day simple moving average (SMA) of $2.45. The moving average convergence divergence (MACD) is below its signal line, indicating that upside momentum is fading unless it can reclaim that baseline.