Norwegian Cruise (NCLH) Soars 12% as Activist Firm Buys Stake

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Norwegian Cruise Line Holdings (NCLH) saw its shares jump 12% after activist firm Elliott Management disclosed a 10% stake in the company. Elliott plans to push for changes to the board and management, criticizing the current leadership and the appointment of CEO John Chidsey. Norwegian Cruise acknowledged Elliott’s engagement while defending its CEO and commitment to long-term value.

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