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Carnival could pay £500m deposit to enter bidding for P&O Princess
15 Jan 2002 . BY
Carnival may need to come up with a £500m show of intent, as well as an improved offer, if it is to enter into talks with the P&O Princess board, according to a report in The Times.

Carnival is trying to break up an agreed £4.9bn merger between Royal Caribbean and P&O. There were reports at the weekend that Carnival might have to put up a massive dowry, only to be returned if any formal offer for the British company is cleared by regulators.

The Times says P&O is convinced that Carnival, which has outlined a £3.2bn counter-offer, would never get clearance for its bid and fears the US group could simply be coming in with a spoiling tactic.

Officially, the terms of the P&O-Royal Caribbean deal do not allow the British company to solicit another offer, says The Times. P&O cannot therefore put a series of demands to Carnival to elicit an acceptable bid, such as the £500m upfront payment.

P&O is allowed to talk to a third party if it receives a superior and deliverable offer, but it must give Royal Caribbean 10 working days notice of such a development before opening discussions with that other party.

PRODUCT NEWS
Premier Global NASM teams up with Your PT to create new career pathway for learners
Training provider, Premier Global NASM, has collaborated with PT management company, YOUR Personal Training (YPT), to deliver a streamlined career pathway from qualification to application as a Personal Trainer.
Active IQ strikes up partnership with Myzone
Active IQ - the UK’s leading awarding organisation for the leisure sector - has partnered with leading fitness wearable technology company Myzone.
Everyone Active successfully reopens exercise referral scheme thanks to EXi partnership
Local authority leisure provider Everyone Active has reopened its essential exercise referral scheme, by joining forces with EXi, the NHS-approved exercise prescription app and data portal.
Active IQ wins Exporter of the Year award
Active IQ has won the Exporter of the Year award at the sixth annual FAB 2021 Awards, organised by the Federation of Awarding Bodies.
Life Fitness extends partnership as official supplier to Williams Racing
Life Fitness, the global leader in commercial fitness equipment, has announced the extension of its partnership with Williams Racing.
RISE Fitness provides franchisees with direct access to world-class education via partnership with Premier Global NASM
To provide franchisees with ongoing access to world-renowned, CIMSPA-endorsed, fitness and nutrition educational content, RISE Fitness has appointed Premier Global NASM as its preferred education partner.
Fitronics launches new and improved member journey software, Digital
Fitronics’ brand The Retention People (TRP) has launched a new, improved version of its automated member journey software Digital; which now sits alongside their industry-leading member feedback software Insight, allowing the two modules to be used more effectively together.
Pulse Fitness completes transformation of The Laura Trott Leisure Centre gym
The Laura Trott Leisure Centre has recently undergone a significant transformation thanks to recent investment from Broxbourne Council and its partnership with Pulse Fitness.
Luxe Fitness partners with Fisikal to drive digital member journey
Luxe Fitness, a Bristol-based gym offering premium service at a budget price has partnered with Fisikal – an expert in digital business management solutions – to enhance its member experience and digital journey.
GLL Better UK App passes 1 million downloads
GLL and its app partner Innovatise (myFitApp) have today announced the Better UK App has been downloaded over 1 million times since it was launched in November 2019.
Sporting heroes to officially open £22 million redevelopment at Everyone Active centre
A £22 million redevelopment project will be unveiled at Grange Paddocks Leisure Centre, as part of the official launch of the state-of-the-art centre.
FitnessOnDemand launches new live-streaming feature for all fitness clubs and their members
FitnessOnDemand (FOD) [IHRSA BOOTH 1509] the leader in on-demand content from the world’s most innovative fitness brands and celebrity trainers, this month introduces a new platform evolution for all club operators and their customers.
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07 Dec 2021

World Halotherapy Association Symposium

virtual event,
01-03 Feb 2022

Spatex 2022

Coventry Building Society Arena, Coventry, United Kingdom
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Jobs    News   Products   Magazine
PRODUCT NEWS
Carnival could pay £500m deposit to enter bidding for P&O Princess
15 Jan 2002 . BY
Carnival may need to come up with a £500m show of intent, as well as an improved offer, if it is to enter into talks with the P&O Princess board, according to a report in The Times.

Carnival is trying to break up an agreed £4.9bn merger between Royal Caribbean and P&O. There were reports at the weekend that Carnival might have to put up a massive dowry, only to be returned if any formal offer for the British company is cleared by regulators.

The Times says P&O is convinced that Carnival, which has outlined a £3.2bn counter-offer, would never get clearance for its bid and fears the US group could simply be coming in with a spoiling tactic.

Officially, the terms of the P&O-Royal Caribbean deal do not allow the British company to solicit another offer, says The Times. P&O cannot therefore put a series of demands to Carnival to elicit an acceptable bid, such as the £500m upfront payment.

P&O is allowed to talk to a third party if it receives a superior and deliverable offer, but it must give Royal Caribbean 10 working days notice of such a development before opening discussions with that other party.

PRODUCT NEWS
Premier Global NASM teams up with Your PT to create new career pathway for learners
Training provider, Premier Global NASM, has collaborated with PT management company, YOUR Personal Training (YPT), to deliver a streamlined career pathway from qualification to application as a Personal Trainer.
Active IQ strikes up partnership with Myzone
Active IQ - the UK’s leading awarding organisation for the leisure sector - has partnered with leading fitness wearable technology company Myzone.
Everyone Active successfully reopens exercise referral scheme thanks to EXi partnership
Local authority leisure provider Everyone Active has reopened its essential exercise referral scheme, by joining forces with EXi, the NHS-approved exercise prescription app and data portal.
Active IQ wins Exporter of the Year award
Active IQ has won the Exporter of the Year award at the sixth annual FAB 2021 Awards, organised by the Federation of Awarding Bodies.
Life Fitness extends partnership as official supplier to Williams Racing
Life Fitness, the global leader in commercial fitness equipment, has announced the extension of its partnership with Williams Racing.
RISE Fitness provides franchisees with direct access to world-class education via partnership with Premier Global NASM
To provide franchisees with ongoing access to world-renowned, CIMSPA-endorsed, fitness and nutrition educational content, RISE Fitness has appointed Premier Global NASM as its preferred education partner.
Fitronics launches new and improved member journey software, Digital
Fitronics’ brand The Retention People (TRP) has launched a new, improved version of its automated member journey software Digital; which now sits alongside their industry-leading member feedback software Insight, allowing the two modules to be used more effectively together.
Pulse Fitness completes transformation of The Laura Trott Leisure Centre gym
The Laura Trott Leisure Centre has recently undergone a significant transformation thanks to recent investment from Broxbourne Council and its partnership with Pulse Fitness.
Luxe Fitness partners with Fisikal to drive digital member journey
Luxe Fitness, a Bristol-based gym offering premium service at a budget price has partnered with Fisikal – an expert in digital business management solutions – to enhance its member experience and digital journey.
GLL Better UK App passes 1 million downloads
GLL and its app partner Innovatise (myFitApp) have today announced the Better UK App has been downloaded over 1 million times since it was launched in November 2019.
Sporting heroes to officially open £22 million redevelopment at Everyone Active centre
A £22 million redevelopment project will be unveiled at Grange Paddocks Leisure Centre, as part of the official launch of the state-of-the-art centre.
FitnessOnDemand launches new live-streaming feature for all fitness clubs and their members
FitnessOnDemand (FOD) [IHRSA BOOTH 1509] the leader in on-demand content from the world’s most innovative fitness brands and celebrity trainers, this month introduces a new platform evolution for all club operators and their customers.
+ More products   
 
COMPANY PROFILES
Precor

Precor has been a pioneer in delivering fitness experiences for commercial customers for more than 4 [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

Retrofit London partners with Technogym to create high energy formats
Retrofit London creates personalised experience, premium service and sensational classes in partnership with Technogym Find out more...
+ More videos  

DIRECTORY
+ More directory  
DIARY

 

07 Dec 2021

World Halotherapy Association Symposium

virtual event,
01-03 Feb 2022

Spatex 2022

Coventry Building Society Arena, Coventry, United Kingdom
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2021

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS