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P&O fighting to save merger with Royal Caribbean
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P&O Princess is faced with a tense wait while Royal Caribbean decides whether to abandon merger plans, after a marathon 16-hour EGM session ending in the early hours of Friday 15 February.
P&O said it would seek to prevent Royal Caribbean Cruises from walking away from its £4.8bn merger proposal after P&O shareholders voted to postpone a ballot on the merger in order to consider a counter bid from Carnival Corporation.
The shareholder revolt was seen as a victory for Carnival and a humiliation for the chair of P&O, Lord Sterling, after the company had advised investors to vote for the merger with Royal Caribbean.
P&O Princess is faced with a tense wait while Royal Caribbean decides whether to abandon merger plans, after a marathon 16-hour EGM session ending in the early hours of Friday 15 February.
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