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

Contracts

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 4.7000 sec (0 req/sec)