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Carnival increases bid for P&O Princess
Saturday, 18 Jan, 2002
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The world’s biggest cruise operator Carnival has increased the pressure on P&O Princess to reconsider its proposed merger with Royal Caribbean Cruises by increasing its own bid for P&O by 12%.
Carnival announced the increased offer to 500 pence a share yesterday, a day before the deadline given by P&O.
Shareholders are due to consider the Royal Caribbean bid on February 14. Carnival chief executive Micky Arison has urged shareholders to adjourn the meeting so that its own bid can be considered.
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