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 March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

China Homeport for Latest Giant RCI Cruise Ship

Royal Caribbean International says that its latest cruise ship, 'Quantum of the Seas', will make its home port in Shanghai (Baoshan), China The ship will reposition to China in May 2015,

Holland American Line donates $100,000 to Desmond Tutu Peace Foundation

In honor of Archbishop Emeritus Desmond Tutu’s work to spread peace, justice and democracy around the globe, Holland America Line has made a $100,000 donation to

Cruise Industry Disappointed by Findings of Critical LMU Report

New research by the UK's Leeds Metropolitan University (LMU) claims the cruise industry is ignoring its responsibility to the environments and societies it visits.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Sonar Winch
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: 0.0918 sec (11 req/sec)