Carnival to purchase remaining Cunard shares

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 purchase.

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