Genco has rejected an acquisition approach from rival Diana Shipping, according to company announcements.
Financial terms and specific details regarding the proposal were not immediately disclosed.
Genco has formally declined an acquisition proposal from Diana Shipping.

Genco has rejected an acquisition approach from rival Diana Shipping, according to company announcements.
Financial terms and specific details regarding the proposal were not immediately disclosed.
Lucas covers M&A activity and startup funding rounds, tracking deal structures and valuations to explain what a transaction means for the companies and markets involved.
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