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BusinessQuiet 39h · day 3

Royal Caribbean plunges 5% on report of $6B Sandals acquisition

The cruise operator is nearing a deal to acquire a majority stake in the Caribbean resort chain, its largest acquisition ever.

newest coverage 1d agosummary written 1d ago7 pieces NewswiresGoogle News

What to know

  • Royal Caribbean is nearing a majority acquisition of Sandals Resorts for over $6 billion, its largest deal ever, combining cruise and Caribbean resort operations.
  • The transaction ends years of Sandals sale efforts complicated by founder Gordon Stewart's 2021 death and subsequent family disputes over his estate.
  • Investors reacted negatively, with Royal Caribbean stock falling 5% on the news; some Stewart family members would retain equity under the deal terms.

“Royal Caribbean Cruises shares fell 5% following a Financial Times report that the cruise operator is nearing a deal to acquire a majority stake in Sandals Resorts International, valuing the all-inclusive resort company at more than $6 billion.”

Investing.com · Investing.com News ↗

Royal Caribbean Cruises Cruise operator, deal acquirerSandals Resorts International Caribbean resort chain, acquisition targetStewart family Sandals founders and stakeholders

Royal Caribbean plunges 5% on report of $6B Sandals acquisition
Investing.com News

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 2 pieces in one hour at Sep 22, 1 PM; 7 pieces over 3 days (7 articles) Sep 22, 1 PM — 2 pieces · 2 articles — Google News 1, Newswires 1Sep 22, 2 PM — 2 pieces · 2 articles — Google News 2Sep 22, 3 PM — 1 piece · 1 article — Newswires 1Sep 22, 4 PM — quietSep 22, 5 PM — quietSep 22, 6 PM — quietSep 22, 7 PM — quietSep 22, 8 PM — quietSep 22, 9 PM — quietSep 22, 10 PM — quietSep 22, 11 PM — quietSep 23, 12 AM — quietSep 23, 1 AM — quietSep 23, 2 AM — quietSep 23, 3 AM — quietSep 23, 4 AM — quietSep 23, 5 AM — quietSep 23, 6 AM — 1 piece · 1 article — Google News 1Sep 23, 7 AM — quietSep 23, 8 AM — quietSep 23, 9 AM — quietSep 23, 10 AM — quietSep 23, 11 AM — quietSep 23, 12 PM — 1 piece · 1 article — Google News 1Sep 23, 1 PM — quietSep 23, 2 PM — quietSep 23, 3 PM — quietSep 23, 4 PM — quietSep 23, 5 PM — quietSep 23, 6 PM — quietSep 23, 7 PM — quietSep 23, 8 PM — quietSep 23, 9 PM — quietSep 23, 10 PM — quietSep 23, 11 PM — quietYesterday, 12 AM — quietYesterday, 1 AM — quietYesterday, 2 AM — quietYesterday, 3 AM — quietYesterday, 4 AM — quietYesterday, 5 AM — quietYesterday, 6 AM — quietYesterday, 7 AM — quietYesterday, 8 AM — quietYesterday, 9 AM — quietYesterday, 10 AM — quietYesterday, 11 AM — quietYesterday, 12 PM — quietYesterday, 1 PM — quietYesterday, 2 PM — quietYesterday, 3 PM — quietYesterday, 4 PM — quietYesterday, 5 PM — quietYesterday, 6 PM — quietYesterday, 7 PM — quietYesterday, 8 PM — quietYesterday, 9 PM — quietYesterday, 10 PM — quietYesterday, 11 PM — quietToday, 12 AM — quietToday, 1 AM — quietToday, 2 AM — quietToday, 3 AM — quiet 1–2
Sep 23yesterdaynow · 4:48 AM ET
  1. 1

    Royal Caribbean stock falls 5% on Sandals deal report

    Following the Financial Times report, Royal Caribbean Cruises shares fell 5%. The market reacted negatively to the news of the potential acquisition, the company's largest ever.

    1. 5 outlets first by Investing.com News, 2d ago · also Investing.com Canada, Yahoo Finance, Barron's, Forbes · read ↗

  2. 2

    Financial Times reports Royal Caribbean nearing Sandals acquisition

    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.