<p>US-based dry bulk owner Genco Shipping &#38; Trading has adopted a limited-duration shareholder rights plan designed to prevent a takeover of the company. The rights plan is effective immediately and has a one-year duration expiring on September 30, 2026.&#160;Pursuant to the plan, Genco will issue one right for each share of common stock outstanding, as &#8230;</p> </p><p><p>https://splash247.com/genco-adopts-poison-pill-to-limit-hostile-takeovers/</p></p>

...See more

shipping_news

Post Image

Genco adopts poison pill to limit hostile takeovers - Splash247

https://splash247.com/genco-adopts-poison-pill-to-limit-hostile-takeovers/

Back