Diana Shipping Drops Genco Bid

Diana Shipping withdraws $24.80 offer for Genco shares Diana Shipping has withdrawn its offer to acquire the remaining shares of Genco Shipping & Trading. The withdrawn offer included $24.80 in cash, adjusted for Genco's $0.80 dividend. The companies failed to ag

Diana Shipping withdraws $24.80 offer for Genco shares

Diana Shipping has withdrawn its offer to acquire the remaining shares of Genco Shipping & Trading.

The withdrawn offer included $24.80 in cash, adjusted for Genco’s $0.80 dividend.

The companies failed to agree on deal terms, leading to the withdrawal of the bid.

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