* Big Deal
Rumors began to circulate over the weekend when a Reuters story was published, but they were confirmed first thing this morning when Norwegian Cruise Line Holdings issued a press release saying that they have an agreement to acquire Prestige Cruises International.
The purchase price was listed as $3.025 billion in cash and stock, including the assumption of debt. It will be financed with existing cash, new and existing debt facilities and by issuing approximately 20.3 million shares of common stock.
* Another Ship to China
By now we’re used to seeing lines operate more and more ships in the Chinese market, but word came late today that a well-known ship is going to China, but it is being sold to a Chinese operator.
RCCL said they would sell Celebrity Century to Exquisite Marine Ltd., a holding company led by Ctrip.com International Ltd. Celebrity will continue to operate the ship into April 2015.
The complete articles appeared in the e-mail edition of Cruise News Daily delivered to our subscribers.
