Why the Diana-Genco ‘odyssey’ is more difficult to predict than you think
- Genco has taken a month to review Diana’s latest offer, suggesting it’s not an easy one to call
- Diana looks in for the long haul, as there is a lack of equivalent, viable merger targets
- Before any transaction possible, Genco will have to revoke its ‘poison pill’
The takeover battle between rival dry bulk companies seems to have been rumbling along forever, but may not be coming to an end any time soon
