Carnival Shareholders OK Princess Deal
April 14, 2003
In news that will shock absolutely no one, Carnival shareholders this morning voted to approve its proposed $5 billion takeover of P&O Princess Cruises. The vote was held at a special meeting of Carnival shareholders in New York City. Shareholders of P&O Princess are slated to cast their votes on Wednesday in London; again, no fireworks are expected. If (or once) the Carnival-P&O Princess deal is approved by the U.K.-based company's voters, the companies will operate under dual stock listings and begin trading under the Carnival Plc name on April 22 at both the London Stock Exchange and the New York Stock Exchange.