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Carnival mulls over Princess options
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Cruise operator Carnival is still assessing the situation regarding its hostile £3.2bn bid for P&O Princess Cruises, which is seeking a rival tie-up with Royal Caribbean.
P&O has sent an upbeat sales forecast to shareholders, accompanying a 200-page outliner of the proposed £4.8bn merger with Royal Caribbean.
P&O now predicts earnings per share for 2001 of not less than 27.5p. Two months ago, the company had estimated full-year EPS of 26p to 27.5p.
In a statement issued last Friday, Carnival said the P&O merger documents 'confirms its belief that the board of P&O Princess entered into 'poison pill' arrangements when it was aware of Carnival's strong interest in P&O Princess, contrary to P&O Princess shareholders' best interests.'
Cruise operator Carnival is still assessing the situation regarding its hostile £3.2bn bid for P&O Princess Cruises, which is seeking a rival tie-up with Royal Caribbean.
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