Carnival hints at interest in Princess Cruises

Article Abstract:

Carnival Corp. acknowledged that it is engaged in negotiations about the possible acquisition of Peninsular & Oriental Steam Navigation Co. (P&O). Carnival also stated that it was interested in acquiring P&O unit Princess Cruises. London-based P&O launched a strategy in March 1999 to sell off its noncore assets in order to concentrate on its cruise ship, ferries, and port operations.

Deep Sea Freight Transportation, Containerships, Abstract, Shipping industry, Peninsular and Oriental Steam Navigation Co., Container ships

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Carnival considers options as rivals prepare to merge

Article Abstract:

Carnival Corp. is studying its options as P and O Princess Cruises PLC prepares to merge its operations with Royal Caribbean Cruises Ltd. The merger of Carnival's two rivals is valued at approximately $3 billion.

CCL

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P&O Princess urges approval of Royal Caribbean merger

Article Abstract:

P and O Princess Cruises PLC has called on its stockholders to approve its planned merger with Royal Caribbean Cruises Ltd. The merger is valued at $2.75 billion (3.13 billion euros).

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