Tender offer for GRIN

Taylor Maritime Investments has made an offer for Grindrod Shipping (GRIN) official

same as prior offer - $26/sh, including a $5/sh in cash. But in a quick parse of above document, it suggested all but one director, indicated the offer was fair. With the current dry bulk market, I don’t see a third party entering a bidding war.

Had a token stake in GRIN that I closed on 10/12/22 @ $25.58/sh - a wonderful three month holding that included one hefty dividend.