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Dry Bulk Consolidation Finance

Star Bulk withdraws from Genco pursuit but Diana fights on

  • Star Bulk links retreat to Genco board stonewalling
  • Diana’s offer remains ‘compelling opportunity’ for Genco investors, says Petros Pappas
  • No impact on $1.4bn of bank financing backing merger proposal, according to Diana

  • News

Mutual termination of $470m side deal for Star Bulk to acquire 16 Genco bulkers following completion of a merger will have ‘no effect’ on Diana’s ability to fund transaction

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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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