Frontline ends bid for Gener8 Maritime

A takeover of Gener8 Maritime by John Fredriksen's Frontline appears to be dead, a source close to the target's camp confirms.

The breakdown was first reported by the Wall Street Journal, which also was first to report the Norweigan company's renewed interest in the wake of its failure to acquire DHT Holdings.

TradeWinds reported shortly afterward that Frontline's efforts were likely to meet the same fate as its DHT pursuit, which now appears to be the case.