Marine Link
Thursday, September 29, 2016

NCL Board Seeks New Share Issue

January 24, 2000

NCL Holding's board is seeking a mandate to issue 120 million new shares at a price of at least 35 crowns ($4.39) per share. Singapore-listed Star Cruises, which owns fractionally short of 50 percent of NCL, is offering 35 crowns per share in a takeover offer valuing NCL at about $1.1 billion. Company officials said the proposal for the possible share issue was made by shareholders other than Star. NCL has 263 million shares and the issue of 120 million extra shares could dilute Star's grip. However, analysts say that Star's voting power of almost 50 percent should be enough to block any share mandate for the board at the shareholders' meeting on February 2.


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News