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Royal Caribbean Cruises Inc

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July 3, 1997 | (Bloomberg News)
Overseas Shipholding Group Inc. said it signed a definitive agreement to merge its Celebrity Cruise Lines Inc. with Royal Caribbean Cruises Inc. in a transaction valued at $1.3 billion. Under the agreement, Royal Caribbean will buy Celebrity for $245 million in cash, $800 million in assumed debt and the balance in Royal Caribbean stock. Royal Caribbean, the industry's second-largest cruise line, announced last month it would buy Celebrity.
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BUSINESS
July 3, 1997 | (Bloomberg News)
Overseas Shipholding Group Inc. said it signed a definitive agreement to merge its Celebrity Cruise Lines Inc. with Royal Caribbean Cruises Inc. in a transaction valued at $1.3 billion. Under the agreement, Royal Caribbean will buy Celebrity for $245 million in cash, $800 million in assumed debt and the balance in Royal Caribbean stock. Royal Caribbean, the industry's second-largest cruise line, announced last month it would buy Celebrity.
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BUSINESS
April 25, 1996 | From Times Wire Services
Carnival Corp., Royal Caribbean Cruises Ltd. and other cruise lines are the target of lawsuits alleging they inflated port fees as a way of charging passengers more than advertised fare prices. The suits, which seek class-action status, were filed Tuesday in California, Florida and Washington and seek more than $100 million in refunds, a lawyer for the plaintiffs said.
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