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Dry Bulk Consolidation Finance

Diana enlists support from Star Bulk to beef up bid for Genco

  • Diana, which already owns about 14.8% of Genco, improves offer to $23.50 per share
  • New offer equals net asset value and double premium to November share price, says Diana
  • Genco board urged to ‘come to the table’ after refusing to engage with initial offer

  • News

If successful, two Greece-based publicly listed owners would carve up Genco fleet, with Star Bulk taking 16 of the bulkers for $475m

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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