Subscribe today
Get Cruise Critic in your inbox
Cruise News
Home > Cruise News Archive > RCI/Princess Merger Update
Date Published: December 3, 2001
Profile and Reviews
Latest Cruise News Headlines
RCI/Princess Merger Update
Today marks the first deadline in the proposed Royal Caribbean/Princess merger: Royal Caribbean must deliver at least 44.5 percent of shareholders who agree to the deal. Three Norwegian families are pivotal because they own significant percentages, particularly the Wilhemsen family, which holds about 25% of Royal Caribbean stock.

The hurdle? Would the merger put the Wilhemsens and the other Norwegian stockholders in the path of a nasty taxable gain in Norway?

The good news is that Norway's tax authorities met this morning and have said, though not officially, that there will be no penalty for the Norwegian investors. While no official announcement has yet been released, it looks like Royal Caribbean will pass this first hurdle and, at least until the next, the deal appears to still be on.
Cruise News Headlines
More News
Reviews

About UsAdvertisingEditorial DisclaimerPress
PrivacySite MapStoreSubscribe
X

Thank You For Signing Up!

Please Note: To ensure delivery of your free e-letters, please add news@cruisecritic.com to your address book.

We're committed to protecting your privacy and will not rent or sell your e-mail address. By proceeding, you agree to our Privacy Policy and Terms of Use.