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quote: Star is talking ... but with whom? 02/11/2004 Star Cruises confirmed that talks are in progress with potential business partners but gave no further details. The disclosure came after the company suspended trading of its shares on the Hong Kong and Singapore exchanges for one day last week due to unusual price movement. Star described the discussions as ‘at a preliminary stage’ and said that even if business materializes, it may not constitute a notifiable transaction. Share prices rose sharply on Oct. 26 in Hong Kong, reaching a 52-week high of HKD 2.60 (33 cents US) before closing at HKD 2. Trading was suspended in Hong Kong and Singapore the following day and resumed on Thursday. Star said in a statement that management was not aware of any reasons for the share run up. Star closed at HKD 2.025 (26 cents US) on Tuesday, down .10.
Star described the discussions as ‘at a preliminary stage’ and said that even if business materializes, it may not constitute a notifiable transaction.
Share prices rose sharply on Oct. 26 in Hong Kong, reaching a 52-week high of HKD 2.60 (33 cents US) before closing at HKD 2. Trading was suspended in Hong Kong and Singapore the following day and resumed on Thursday. Star said in a statement that management was not aware of any reasons for the share run up.
Star closed at HKD 2.025 (26 cents US) on Tuesday, down .10.
I wouldnt mind seeing that happen. It would be a win win situation for both companies.
tyler
Maybe this would provide more cash to renovate the Big U!
quote:Originally posted by Malcolm @ cruisepage:RCI and P&O/Princess were of course talking about merger, unil the big guns of Carnival stepped in. A merger with star is not out of the question!
[ 11-02-2004: Message edited by: lebelty ]
Ernie
Maybe they can form a program in which past passengers can interchange their cruise discounts (something like WLCL's VIP which is for the N.A. cruise lines for Carnival). I do hope they keep seperate identities!
quote:Star Cruises confirms talksNovember 3, 2004TRADING of Star Cruises stock was temporarily suspended on news that the Asian cruise giant is in talks with a potential partner. In a statement, Star admitted that it is now in "exploratory discussions" with a "potential partner with respect to tourism-related business", but cautioned that the proposed tie-up "may or may not materialise". Star gave no indication on whether the negotiations involved its Star and/or NCL cruise brands, and said that no agreement has been reached with the unnamed potential partner. In response to "unusual share price movement" on 26 October, trading in Star shares was temporarily suspended on the Hong Kong Stock Exchange and CLOB International Exchange on 27 October.Fairplay
TRADING of Star Cruises stock was temporarily suspended on news that the Asian cruise giant is in talks with a potential partner. In a statement, Star admitted that it is now in "exploratory discussions" with a "potential partner with respect to tourism-related business", but cautioned that the proposed tie-up "may or may not materialise". Star gave no indication on whether the negotiations involved its Star and/or NCL cruise brands, and said that no agreement has been reached with the unnamed potential partner. In response to "unusual share price movement" on 26 October, trading in Star shares was temporarily suspended on the Hong Kong Stock Exchange and CLOB International Exchange on 27 October.
Fairplay
At present there is only speculation regarding RCI or for that matter any other cruise line (Carnival, MSC and even NYK). They may be looking at Hotel chains or resorts, it does say “tourism-related business...” Your guess is as good as mine.
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Cheers
[ 11-03-2004: Message edited by: bulbousbow ]
quote:Originally posted by Dolphins:If RCI mergers with Star, I would hope they wouldn't force Star to curtail internet bookings as they have done with Celebrity.
I would have though cruise lines would love Net bookins - because of no Travel Agents commision?
quote:Originally posted by 6263866:I thought Star was about to merge with NCl since on NCl brochures it says "A family of great cruises"Star Cruises is the parent company of NCL. Or is it just that Norwegian bought some of Star's ships.
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