Turismo
Royal Caribbean Cruises Ltd. Announces Accelerated Share Repurchase
The ASR transaction is being executed as part of an authorization by the company's Board of Directors to repurchase up to $500 million of common stock, announced earlier today. After the completion of the ASR, $300 million remains under the share repurchase authorization.
Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) is a global cruise vacation company that owns Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisières de France , as well as TUI Cruises through a 50 percent joint venture. Together, these six brands operate a combined total of 44 ships with an additional ten under construction contracts. They operate diverse itineraries around the world that call on approximately 480 destinations on all seven continents. Additional information can be found on www.royalcaribbean.com, www.celebritycruises.com, www.pullmantur.es, www.azamaraclubcruises.com, www.cdfcroisieresdefrance.com, www.tuicruises.com or www.rclinvestor.com.