Grindrod Shipping: Minority Shareholder Buyout Proposal Might Not Pass

Alexey_LesikNote: I have covered Grindrod Shipping Holdings Ltd. (NASDAQ:NASDAQ:GRIN) previously, so investors should view this as an update to my earlier articles on the company. Grindrod Shipping Holdings Ltd. or "Grindrod Shipping" is a medium-sized dry bulk shipping company focused on the smaller, geared vessel classes. In late 2022, major shareholder Taylor Maritime Investments Limited (OTCPK:TMILF) or "Taylor Maritime" launched a cash tender offer with an aggregate value of $26 per common share. W ...