G.M.T. Posted March 28, 2019 #1 Share Posted March 28, 2019 A current passenger on Divinia has posted on the Costa board that MSC is to buy Costa, he heard it from passengers on the Divinia. When asked why he didn't also post the information on the much more active MSC board, the answer was "Blocked". I would have thought such information would have been welcomed here. Troll? Here is the link: What do you think? Link to comment Share on other sites More sharing options...
Omega1 Posted March 28, 2019 #2 Share Posted March 28, 2019 As a Carnival Corp shareholder I’ve not heard anything about it. Something so significant to the company would surely have been well publicised- annual report, etc? Link to comment Share on other sites More sharing options...
bob brown Posted March 28, 2019 #3 Share Posted March 28, 2019 I would be very surprised if this was true. Unless Costa was losing a lot of money, why would Carnival Corp. sell it to a rival company? And if that was the case, why would MSC want to buy it, since they are already buying a lot of new ships.... As for stockholder's...doubt that someone owning a hundred shares or so, would be privy to such inside information...that would be disclosed after the fact usually in a press release 2 Link to comment Share on other sites More sharing options...
thetaro Posted March 28, 2019 #4 Share Posted March 28, 2019 Costa doesn't really provide extra value to MSC considering they are already buying a lot of new ships. MSC wants to expand to the luxury market with a global reach. Buying Costa doesn't make sense. 2 Link to comment Share on other sites More sharing options...
citizenfrank Posted March 28, 2019 #5 Share Posted March 28, 2019 I doubt very much this is true. Once, in my opinion, the two business models were identical ...but are surely sailing in opposite directions now. Link to comment Share on other sites More sharing options...
Rare Host Jazzbeau Posted March 28, 2019 #6 Share Posted March 28, 2019 2 minutes ago, citizenfrank said: I doubt very much this is true. Once, in my opinion, the two business models were identical ...but are surely sailing in opposite directions now. That was my initial reaction too. OTOH, as MSC moves its brand up-market, Costa could become its entry-level brand. And it would give them a place to move all their older ships. 1 Link to comment Share on other sites More sharing options...
citizenfrank Posted March 28, 2019 #7 Share Posted March 28, 2019 2 minutes ago, Host Jazzbeau said: That was my initial reaction too. OTOH, as MSC moves its brand up-market, Costa could become its entry-level brand. And it would give them a place to move all their older ships. Now that is a very good point extremely well made! Maybe 😮 Link to comment Share on other sites More sharing options...
modes Posted March 29, 2019 #8 Share Posted March 29, 2019 I heard that from a member of the entertainment team 3 years ago. 1 Link to comment Share on other sites More sharing options...
Rare graphicguy Posted March 29, 2019 #9 Share Posted March 29, 2019 This sort of sounds like “someone who knows someone told someone else who was in the Buffet line that MSC bought Costa”. This is “grain of salt” territory. That’s a big purchase and would have hit the financial news streams everywhere. Haven’t seen one word about it. 1 Link to comment Share on other sites More sharing options...
JAGR Posted March 29, 2019 #10 Share Posted March 29, 2019 23 hours ago, citizenfrank said: Now that is a very good point extremely well made! Maybe 😮 I would think it has to be true! I understand that a Geordie heard about it from a Kerryman who although he plays thick, is a highly ranked member of either the aristocracy, or is married to someone who is related to a person who actually helped dock MSC ships in Miami one summer. 1 3 Link to comment Share on other sites More sharing options...
Rare Host Jazzbeau Posted March 29, 2019 #11 Share Posted March 29, 2019 4 hours ago, JAGR said: I would think it has to be true! I understand that a Geordie heard about it from a Kerryman who although he plays thick, is a highly ranked member of either the aristocracy, or is married to someone who is related to a person who actually helped dock MSC ships in Miami one summer. Good enough for me! Link to comment Share on other sites More sharing options...
Omega1 Posted March 29, 2019 #12 Share Posted March 29, 2019 On 3/28/2019 at 10:02 PM, bob brown said: As for stockholder's...doubt that someone owning a hundred shares or so, would be privy to such inside information...that would be disclosed after the fact usually in a press release As I said, ‘Something so significant to the company would surely have been well publicised- annualreport, etc?‘ 1 Link to comment Share on other sites More sharing options...
JohnIreland Posted March 29, 2019 #13 Share Posted March 29, 2019 Carnival is traded publicly traded company. The first news anyone not under NDA would have of this is when they officially announce. Link to comment Share on other sites More sharing options...
bob brown Posted March 29, 2019 #14 Share Posted March 29, 2019 I believe that when major deals such as this are being negotiated, the top management keep it "close to the vest", to avoid speculation. Only when it's "done deal", is it announced... Link to comment Share on other sites More sharing options...
bob brown Posted March 29, 2019 #15 Share Posted March 29, 2019 Just now, bob brown said: I believe that when major deals such as this are being negotiated, the top management keep it "close to the vest", to avoid speculation. Only when it's "done deal", is it announced... And even then, it's not final. Stockholder's have to vote their approval, regulator's have to permit it, and other player's may make their own bid. Anyone recall when RCCL was going to purchase P&O/Princess? That deal was made, and then Carnival Corp got into a bidding war with RCCL, and eventually won. Link to comment Share on other sites More sharing options...
Rare Hlitner Posted March 30, 2019 #16 Share Posted March 30, 2019 Not sure such a sale would make a lot of sense unless CCL was looking to turn assets into cash. Given the relatively low interest rates and the nature of competition why would CCL want to sell 16 ships to a major competitor that is one of the fastest growing cruise lines in the world (MSC will be adding about 2 ships per year for the foreseeable future)? Within 6-7 years, MSC will be operating at least 29 ships and the idea that increasing that to 45 ships would be a good move for either line is questionable. Hank 1 Link to comment Share on other sites More sharing options...
rkacruiser Posted April 6, 2019 #17 Share Posted April 6, 2019 On 3/29/2019 at 6:55 PM, bob brown said: On 3/29/2019 at 6:51 PM, bob brown said: Stockholder's have to vote their approval They do? What makes you think that? As a CCL and RCI shareholder, I have never been asked to approve/disapprove of a corporate move to buy/sell a segment of the company. Link to comment Share on other sites More sharing options...
spamwhiches Posted April 6, 2019 #18 Share Posted April 6, 2019 (edited) Correct, board of directors would likely decide on behalf of shareholders. (isn't MSC privately owned anyway?) Regarding the rumour, It doesn't sound all that feasible but everything has its price. Edited April 6, 2019 by spamwhiches left out some text Link to comment Share on other sites More sharing options...
rkacruiser Posted April 6, 2019 #19 Share Posted April 6, 2019 2 hours ago, spamwhiches said: (isn't MSC privately owned anyway?) It most certainly is. Link to comment Share on other sites More sharing options...
bob brown Posted April 7, 2019 #20 Share Posted April 7, 2019 16 hours ago, rkacruiser said: They do? What makes you think that? As a CCL and RCI shareholder, I have never been asked to approve/disapprove of a corporate move to buy/sell a segment of the company. Perhaps you are correct. I was getting it turned around...the P&O/Princess stockholder's had to vote whether to accept the offer to sell to RCI or not, and consequently Carnival Corp., when they made a better offer. So the seller stockholder's have to vote on it, not the buyer's... Link to comment Share on other sites More sharing options...
Rare Host Jazzbeau Posted April 7, 2019 #21 Share Posted April 7, 2019 1 hour ago, bob brown said: Perhaps you are correct. I was getting it turned around...the P&O/Princess stockholder's had to vote whether to accept the offer to sell to RCI or not, and consequently Carnival Corp., when they made a better offer. So the seller stockholder's have to vote on it, not the buyer's... That was because the entire company was being sold, so their stock would be affected (either replaced by CCL stock or cashed out). In the case of this rumor, CCL would be disposing of a minor part of their empire so stockholders wouldn't be consulted. 1 Link to comment Share on other sites More sharing options...
bob brown Posted April 7, 2019 #22 Share Posted April 7, 2019 8 hours ago, Host Jazzbeau said: That was because the entire company was being sold, so their stock would be affected (either replaced by CCL stock or cashed out). In the case of this rumor, CCL would be disposing of a minor part of their empire so stockholders wouldn't be consulted. Okay...thanks for clarifying that. Link to comment Share on other sites More sharing options...
CGTNORMANDIE Posted April 8, 2019 #23 Share Posted April 8, 2019 Total nonsense...MSC does not need Costa. 1 Link to comment Share on other sites More sharing options...
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