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.
