| Date Published: February 13, 2002 |
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 Profile and Reviews
Latest Cruise News Headlines
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| P&O Vote Approaches |
While no verdict will be official until tomorrow -- P&O Princess'
long-scheduled shareholders meeting to vote on the merger with Royal
Caribbean -- the tide may be turning for spoiler Carnival Corp. According
to a London-based Associated Press writer, "P&O Princess faces a possible
mutiny Thursday when it asks shareholders to approve a friendly merger that
would create a new world leader in the cruise ship business."
Industry analysts are also saying they anticipate shareholders will vote to
postpone the vote -- for Royal Caribbean. Such a delay, may, according to
the folks at Royal Caribbean, completely derail the merger effort. Carnival
is seeking a delay to give it time to woo P&O Princess shareholders onto its
side.
In the meantime, no deal is official without regulatory approvals, hurdles
of which can only be jumped after an agreement is approved by shareholders.
Stay tuned; we'll provide updates tomorrow.
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