A key outcome of the meeting was shareholder approval of Genco’s shareholder rights plan, commonly known as a “poison pill.” Diana Shipping Not Backing DownDespite the setback, Diana Shipping made it clear that it has no intention of abandoning its effort to acquire its larger competitor in the dry bulk shipping sector. The revised offer adds one additional Diana Shipping share compared with its previous proposal, which valued Genco at $24.80 per share. Battle Far From OverWhile the shareholder vote in New York marked a decisive victory for Genco’s current management, the takeover battle is far from over. - GENCO wins shareholder vote against Diana shipping, but takeover battle continues appeared first on - English.