Genco Shipping & Trading Announces Board Continues To Reject Diana Shipping's Proposed $24.80/Share Acquisition Proposal
Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today provided an update
Diana Shipping wants to buy Genco for $24.80 per share, but Genco's leaders keep saying no. When a company's leaders reject an offer, it usually means they think the company is worth more, or they have a better plan ahead.
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