Gener8 Maritime slumped out of the gate in New York trading Monday amid suggestions the tanker owner is no longer a takeover target for John Fredriksen’s Frontline.
Peter Georgiopoulos-led Gener8 had fallen into Frontline's sights after it turned its guns away from a hostile pursuit of DHT Holdings.
However, as TradeWinds reported this weekend, Frontline and Gener8 are understood to have been even further away from a deal than the suitor had been with DHT.
