Seeking Alpha
 

Norwegian Cruise Line Holdings Ltd. (NCLH)

- NASDAQ
  • Sep. 2, 2014, 8:19 AM
    • Norwegian Cruise Line Holdings (NASDAQ:NCLH) snaps up Prestige Cruises International for $3.025B.
    • Prestige operates eight ships under two different brands - Oceania Cruises and Regent Seven Seas Cruises.
    • The company plans to finance the acquisition through existing cash and by tapping credit facilities. In addition, Norwegian will issue 20.3M new shares of common stock.
    • NCLH halted until 8:30 am ET.
    | Sep. 2, 2014, 8:19 AM | Comment!
  • Sep. 1, 2014, 1:32 AM
    • Norwegian Cruise Line Holdings (NASDAQ:NCLH) is said to be in advanced talks with Prestige Cruises, and may announce an agreement to acquire the latter for $3B as early as this week, Reuters reports.
    • Prestige Cruises posted revenues of $1.2B in 2013, up 6% from the year earlier.
    • Private equity firm Apollo Global (NYSE:APO), the owner of Prestige Cruises, also owns a 20% stake in Norwegian Cruise. Prestige filed for an IPO in January.
    • Competitors: CCL, RCL
    | Sep. 1, 2014, 1:32 AM | Comment!
Visit Seeking Alpha's
NCLH vs. ETF Alternatives
Company Description
We are a leading global cruise line operator, offering cruise experiences for travelers with a wide variety of itineraries in North America (including Alaska and Hawaii), the Mediterranean, the Baltic, Central America, Bermuda and the Caribbean. We strive to offer an innovative and... More
Sector: Services
Industry: Shipping
Country: United States