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Article: Carnival Cruise Lines agrees to buy approximately 70 percent of the shares of Royal Caribbean and Admiral Cruise Lines for $550 million. (from Gotaas-Larsen Shipping Corp.; I.M. Skaugen A-S; Johnson Line AB; EFFOA-Finland Steamship Co. Ltd.)
- Article from:
- PR Newswire
- Article date:
- August 31, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CARNIVAL CRUISE LINES AGREES TO BUY APPROXIMATELY 70 PERCENT OF
THE SHARES OF ROYAL CARIBBEAN AND ADMIRAL CRUISE LINES
FOR $550 MILLION
MIAMI, Aug. 31 /PRNewswire/ -- Carnival Cruise Lines, Inc. (AMEX: CCL), Gotaas-Larsen Shipping Corporation (NASDAQ: GOTLF), I.M. Skaugen A/S, Johnson Line AB and EFFOA-Finland Steamship Co. Ltd. announced today that they have reached an agreement in principle under which Carnival would purchase all of the other parties' interests in Royal Caribbean Cruise Lines and Admiral Cruise Lines.
Micky Arison, president of Carnival, said that Carnival had signed an agreement ...