Become a Cruise Insider
Tips, deals and more in your inbox.
Your Ultimate Cruise Guide

RCI Responds to Bid

December 20, 2001
The tangled triangle continues as Royal Caribbean has responded to Carnival’s hostile-style acquisition last week of P&O Princess -- reaffirming its commitment, which is no surprise -- by offering its own statement. Which reads as such:

Says Richard Fain, Chairman and Chief Executive Officer of Royal Caribbean, "Royal Caribbean supports P&O Princess' decision to postpone their EGM, in order to give its shareholders time to fully consider their alternatives. I am convinced that the merger we have agreed with P&O Princess will provide both sets of shareholders the greatest long-term value going forward, and that P&O Princess shareholders will recognize that the transaction with Royal Caribbean is superior in all respects to the takeover proposal from Carnival."

Stay tuned as events -- just as winter winds blow unpredictably -- will no doubt change over the next month.

Thank You For Signing Up!

Please Note: To ensure delivery of your free e-letters, please add 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.