Norwegian Cruise Lines Purchases Prestige Cruise Holdings (Regent Seven Seas and Oceania Cruises)
This morning Norwegian Cruise Lines announced it was purchasing Prestige Cruise Holdings, owner of Regent Seven Seas Cruises and Oceania Cruises for US$3.025 billion dollars including both cash and debt with another $50 million payable to Prestige’s shareholders if certain performance targets are met in 2015. What does it mean from a luxury cruise perspective?