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 August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Titanic's Last Luncheon Menu Heading to Auction

More than a century after first-class passengers aboard the ill-fated Titanic ate grilled mutton chops and custard pudding in an elaborate dining room, the ship's

Carnival Ramping Up in New Orleans

Carnival on track for record year from Port of New Orleans in 2015; expects to embark 3 millionth passenger post-Katrina next year   New Orleans’ number one cruise

New London Cruise Terminal Gets Green Signal

London Mayor Boris Johnson gave final approval to build a new cruise terminal on the Thames River at Greenwich.   The terminal, to be located at Enderby Wharf,

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.8281 sec (1 req/sec)