Star, Carnival Oust NCL Board, Appoint Lund

Friday, February 04, 2000
Star Cruises and Carnival Corp. tightened their grip on NCL Holding today (Feb. 4) by ousting the board and appointing Norwegian lawyer Ole Lund as the new chairman. Lund, who is also chairman of state oil firm Statoil, will head a new six-strong board for NCL. Star and Carnival now control about two thirds of NCL stock under a joint 35 crowns per share offer valuing NCL stock at about $1.1 billion. In addition, the two companies will assume NCL debts of about $800 million. NCL's outgoing board on Feb. 3 gave up efforts to encourage further bids and urged shareholders to accept the 35 crowns offer. It had rejected 35 crowns as too low when Star first launched its takeover bid in December.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

U.S. Refinery Workers' Contract Talks Moving Slowly

With just a week of bargaining left until the national contract for U.S. refinery workers expires, the United Steelworkers union (USW) said talks with oil company

MSC Sinfonia Upgradation at Fincantieri Shipyard

Extension operations on MSC Sinfonia, the second out of four MSC cruise ships to undergo the Renaissance Programme of enhancements, have begunin the past days at Fincantieri shipyard in Palermo.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1065 sec (9 req/sec)