Miami: RCCL shareholders approve the deal by a wide margin.

London: A large number of P&O shareholders vote to adjourn but are not able to reach a simple majority. The meeting moves forward but P&O-Princess do not attain the minimum of 75% of shareholders voting "yes" to the RCCL deal.

Outcome: RCCL is then forced to either walk away or put together a richer offer than will deliver a premium to P&O-Princess shareholders.

Carnival will then just sit back and wait to see if they can obtain regulatory approval and Princess will suddenly be willing to "talk" to Carnival.

quote:

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Originally posted by Tim @ Cruisepage:
Malcolm, this is how I see it playing out tomorrow:
...
Outcome: RCCL is then forced to either walk away or put together a richer offer than will deliver a premium to P&O-Princess shareholders.

Carnival will then just sit back and wait to see if they can obtain regulatory approval and Princess will suddenly be willing to "talk" to Carnival.

Tim

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Richard Fain is speaking purely out of desperation. Carnival sopkesman Tim gallagher ssaid "it looks like Richard is speaking in code again. He sounds like a spoiled child who has lost his rattle."

If RCCL doesn't pull off this merger, they won't be in a position to dictate to anyone what they can or can not do. They're saddled with a ton of debt and a sorely underperforming brand; Celebrity; that they have never been able to do much with. Now they have the new "Island" brand which doesnt make a whole lot of sense either. They've lost their direction and focus I'm afraid. And that's something Carnival has never done, lost their focus.

As consumers, we don't need a merger or a buyout. We need the three lines to compete. Princess does not need Royal Caribbean, it is the other way around.

Richard Fain is speaking purely out of desperation. Carnival sopkesman Tim gallagher ssaid "it looks like Richard is speaking in code again. He sounds like a spoiled child who has lost his rattle."

Cheers
M.

PS: I just dread the thought of P&O being Carnivalised or should I say cannabilised

[ 02-17-2002: Message edited by: Scottylass ]

[ 02-18-2002: Message edited by: Jamaica Jeff ]

Just remember, without Carnival, there would be more Holland America, no Windstar, no Seabourn, no Cunard and quite probably no Costa.

Every brand they acquired was financially strapped and without Carnival's financial muscle, probably would have gone by the wayside. And with every brand they acquired, they have spent billions of dollars building up the brand by ordering new ships and attracting new passengers.

How anyone can say that there is a lessening of competition is beyond me. There are more ships, more amenities and more options available to cruisers than ever before and prices are lower than they were 20 years ago. This is anti-competitive?

And to insinuate that Carnival was directly or indirectly responsible for the demise of small travel agencies and Premier is just hysterical! Premier, in it's 1997 incarnation was just plain ill concieved and mismanaged. And all the cruise lines, not just the "big" ones compensate travel agencies based on production. Sell more cabins, get paid higher commissions. That's it!

Dambrosi---did Carnival rob the US Mint to get all thier money? Or was Micky Arison one of the "great train robbers"?

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Originally posted by nathan:
In fact, there's only one (or 2?) ships left in its fleet before Carnival came along? Holland America today is what it is only because of Carnival.

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When Carnival Corp. took over Holland America they had the S.S. ROTTERDAM, and the two sisters NOORDAM and NIEUW AMSTERDAM. All three beautiful ships. Carnival Corp. has pumped millions of dollars into the venerable HAL and it shows.

You and others keep saying "carnivalized". What exactly does that mean? And whay is everyone so anti-carnival?

Well I guess when a "girl says no, she neans no" nows means "let's talk about it"

This is strictly business, P&O Princess is an attractive company and he would like to purchase it. What's so wrong with that?

quote:

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Originally posted by Tim @ Cruisepage:
Jeff,

You and others keep saying "carnivalized". What exactly does that mean? And whay is everyone so anti-carnival?

Well I guess when a "girl says no, she neans no" nows means "let's talk about it"

This is strictly business, P&O Princess is an attractive company and he would like to purchase it. What's so wrong with that?

Tim

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