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Parent of Norwegian Cruise Lines Now Prefers Carnival Corp.'s Bid.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, January, 2000 by Corzo, Cynthia
Jan. 28--Two months after flatly rejecting Carnival Corp.'s bid to take over its Norwegian Cruise Lines, NCL Holding announced Thursday that it has changed its mind and would rather be acquired by Carnival.
The reason: Star Cruises, the Hong Kong company that offered to help fight Carnival, has alienated the Oslo-based owner of Norwegian Cruise Line and two smaller lines. Now, NCL has invited Carnival back to the altar.
The deal would unite the world's largest cruise company, Carnival, with the No. 4 company, Norwegian. Both are based in Miami, although Norwegian's parent is based in Norway's capital.
On Thursday, Carnival, the Miami cruise giant, offered to pay 40 Norwegian kroner ($4.90) per share -- about $2.1 billion in cash and assumed...
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