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Diana pulls plug on Genco takeover
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Diana pulls plug on Genco takeover
Greece’s Diana Shipping has pulled its takeover offer for Genco Shipping & Trading after the US bulker owner set out terms that Diana said would value the company at about $36.91 per share, ending the current push after nine months of increasingly bitter dealmaking. Genco’s board asked for $27.50 per share in cash, another $2 …
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