Independent journal on economy and transport policy
01:20 GMT+2
NCL says Carnival offer is "inadequate"
(Marine Log)
December 2, 1999
"Inadequate" -- that was NCL 's initial response to Carnival Corp.'s announcement yesterday that h it will make a cash tender offer of NOK 30 [approx $3.7] per share for NCL Holding ASA .
NCL said the offer "represents a 38% discount to the 18 month high of NOK 48.4 at the equivalent USD/NOK exchange rate."
The NCL Board said the price ...... Read more on Marine Log
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