NCL Recommends Joint Bid To Shareholders

Thursday, February 03, 2000
NCL Holding abandoned hope of any new takeover bids and recommended that shareholders accept an offer by Malaysia's Star Cruises and U.S. Carnival Corp. Star and Carnival, which gave up their rivalry to join forces to make a 35 crowns per share offer valuing NCL stock at about $1.1 billion, said they had a controlling stake of 53.8 percent after buying 4.3 percent on Thursday. "The board recommends sale," the NCL board said in a brief statement to the Oslo bourse, marking the end of an often bitter struggle to encourage a further round of bids. Shares in NCL, the world's fourth largest cruise group, closed at 35 crowns on the Oslo bourse, down 0.2 from Wednesday, as the last shred of hope for a new takeover battle vanished.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Thomson Cruises Names New Ship

Thomson Cruises’ newly acquired Splendour of the Seas will be renamed Thomson Discovery when it joins the company’s fleet in summer 2016 and it will homeport in Palma.

First Steel Cutting for Seabourn Encore

The plate-cutting ceremony was held today at the Marghera shipyard for the "Seabourn Encore", the first of two ultra-luxury cruise ships that Fincantieri will build for Seabourn,

Meyer Werft Buys Finland out of Turku Shipyard

Germany's family-owned Meyer Werft shipyard is buying the Finnish state out of Turku shipyard in southwestern Finland, the government said on Wednesday. Meyer

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2600 sec (4 req/sec)