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Royal Caribbean plunges 5% on report of $6B Sandals acquisition
Financial Times reports Royal Caribbean nearing Sandals acquisition
2 Sep 22 2:25 PM · 1d ago · 1 article · 1 source · development 2 of 2
The Financial Times reports that Royal Caribbean Cruises is nearing a deal to acquire a majority stake in Sandals Resorts International, valuing the all-inclusive resort company at more than $6 billion. The deal would mark Royal Caribbean's largest acquisition in its history and give the cruise operator control of Sandals' 20 hotel resorts across the Caribbean.
Royal Caribbean Cruises Cruise operator, deal acquirerSandals Resorts International Caribbean resort chain, acquisition targetStewart family Sandals founders and stakeholders
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