Norwegian Cruise Line Holdings and Activist Investor Agree to Board Change
Norwegian Cruise Line Holdings, the public parent company of the cruise lines, has reached a “cooperation agreement” with activist shareholder Elliott Investment Management that will see the company reconstitute its board of directors. Elliott had been calling for a change in the board and a new strategy to improve shareholder value at the cruise corporation. Under the agreement, four long-time board members will step down as of March 31, and they will be replaced by five new independent directors mutually...
Continue Reading...
Loading More news