Subscribe today
Get Cruise Critic in your inbox
Cruise News
Home > Cruise News Archive > Carnival Ups Bid for Princess
Date Published: January 18, 2002
Profile and Reviews
Latest Cruise News Headlines
Carnival Ups Bid for Princess
As expected, Carnival Corp. met today's deadline and upped its bid for P&O Princess Cruises. The company is now offering $5.0 billion (its initial bid was $4.6 billion) -- an increase of 12 percent.

And while news reports out of London say that the new bid is high enough to raise the interest of previously dispassionate P&O shareholders, there's a wrinkle in Carnival’s bid: its new conditionary requirement that P&O could back out of a Southern Europe expansion project, and pay no penalty, that is part of the deal with Royal Caribbean.

The next major calendar deadline for this cruise triangle? Valentine’s Day -- February 14 -- when P&O shareholders officially vote on which deal they prefer. Expect lots of arrow-slinging in the meantime.
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.