BALTIC TRADING SHAREHOLDER ALERT – National Securities Law Firm Seeks Higher Price for Baltic Shareholders in Connection with its Acquisition. Encourages Shareholders to Contact Law Firm for More Information

April 10, 2015
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Baltic Trading Ltd. (NYSE: BALT) (“Balt” or the “Company”) on behalf of its shareholders. Baltic announced that it is being acquired by Genco Shipping & Trading Ltd. in a stock-for-stock transaction. Baltic shareholders are to receive only 0.216 shares of Genco common stock for each share of Baltic common stock they own. The proposed transaction is valued at only $1.69 per share.

Our investigation has determined that the offer price of only $1.69 per share unfairly under-values the true going forward inherent value of Baltic and that shareholders are not receiving the maximum value for their shares. Indeed, among other things, the book value per share of the Company is $6.44 per share, an analyst has projected that the price of the stock is worth at least $4 per share, and the stock recently traded at $7.02 per share within the past year. The investigation further seeks to determine whether the senior management of Baltic are entering into this deal for their own self-interests to the detriment of the Company’s shareholders. Indeed, Baltic is currently controlled by Genco and the boards of directors of both companies are headed by the same individual.

If you are a shareholder of Baltic and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-906-6432 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.