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.'
If you would like to get each issue of Spa Business and Spa Business insider magazines sent direct to you for FREE, plus the weekly Spa Business and Spa Business insider ezines, sign up now!
|