Star Bulk Walks Away from Deal to Buy Genco Bulkers from Diana
Another piece of the proposed deal for Diana Shipping to acquire Genco Shipping & Trading has ended with Star Bulk Carriers Corp. announcing that it decided to withdraw from the vessel purchase agreement with Diana. Another major bulker operator, Star Bulk, had agreed to buy 16 of Genco’s vessels from Diana with the closing of the merger, which would have provided another element of financing for the deal. Diana said that it respected Star Bulk’s decision and thanked them for...
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