merger-and-acquisition information service withdrew a report that
Apollo Management LP had won an auction to acquire Regent Seven
Seas Cruises from Carlson Cos. for $1 billion.
change in the deal's status, coming amid growing buzz about the
alleged deal in the consumer and trade press, seemed unlikely to
dampen speculation about the acquisition or about Apollo's cruise
released word of the deal to CFO.com, a finance-industry Web site, which in turn
published it on Oct. 29, stoking a round of speculative news
reports. Mergermarket later said it had jumped the gun with the
Mo Hersi, research
manager at Mergermarket, said the service would reclassify the deal
as "pending," adding that its "announced deal" status would be
withdrawn from reports to clients and the public.
Mergermarket based its reporting on company announcements and
"proprietary intelligence" gleaned from bankers and industry
insiders, but he noted that it generally did not report unannounced
He suggested that
in the case of an auction, a winning bidder could emerge but might
need to gather additional due diligence before striking a formal
purchase agreement that would constitute an "announced
Carlson and Regent would neither confirm nor deny that a deal was
in the works.
"We cannot comment
on market speculation," said Sam Macalus, corporate media
spokesperson at Carlson Cos. Meanwhile, Adam Aron, the travel
consultant to Apollo, said, "I can't say a word." Richard Jansen,
managing director and global head of the Cruise & Ferry Group
at DVB Bank, which the report said was financing the deal, also
declined to comment.
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