Diana warns Genco shares could slide if takeover bid collapses

Greek dry bulk owner Diana Shipping has warned that shares in rival Genco Shipping & Trading could fall to around $17.50 if its $23.50-per-share takeover proposal is removed from the table. Athens-based Diana, currently Genco’s largest shareholder, said the US-listed bulker owner’s stock price is being artificially supported by its all-cash offer and does not …

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