NYSE Suspends Trade Of NCL's American Depositary Receipts
The New York Stock Exchange on Monday said it had suspended trade of Norwegian cruise operator NCL Holding ASA's American Depositary Receipts due to the purchase of the company by another cruise line.After the suspension, the NYSE will file with the Securities and Exchange Commission to delist the issue, the exchange said in a statement.
The suspension is related to the Nov. 29, announcement that Arrasas Limited, a subsidiary of Star Cruises Plc, has begun acquiring all of NCL's ordinary shares and ADRs, related to the tender offer statement dated Jan. 13.