Boost for P&O's Royal deal
12 April 2012
THE P&O Princess s merger plans received a big boost when one of its leading shareholders said it planned to vote for the deal with Royal Caribbean.
Jupiter Asset Management investment director Tony Nutt, whose company holds 3 1/2% of Princess, said he was not convinced that Carnival's £3.2bn bid for Princess was anything but a spoiling tactic.
He said Carnival must lift its 456p-a-share bid to the right side of £6 for there to be a prospect of Jupiter opposing the Royal Caribbean bid on 14 February. There is no evidence to suggest Carnival is serious about paying the right price for these assets, he said.
