Carnival Corp. exercised its option to purchase the 32% of Cunard
Line Ltd. owned by various Norwegian investors.
Under terms of the agreement, Carnival will purchase the
outstanding interest effective Nov. 15 for 3.2 million shares of
Carnival stock and $76.5 million in cash, making the deal's total
value $205 million.
Carnival will own 100% of Cunard upon completion of the