Norwegian to acquire Prestige Cruises for $3 Billion

800px-Norwegian_Cruise_Line_Norwegian_Spirit_05Norwegian Cruise Line Holdings Ltd. which is the third largest US cruise operator, has recently announced that it has agreed to acquire Prestige Cruise International in a deal valued more than $3 billion in cash, including the assumption of debts and about 20.3 million shares of common stock, according to some sources.

Committed financing for the deal is being provided to Norwegian Cruise by Continue reading