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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Norwegian Cruise (NCLH) Soars 12% as Activist Firm Buys Stake
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.