Elliott Management builds major stake in Norwegian Cruise Line to push for changes
Elliott has built a 10 percent stake in Norwegian Cruise Line to push for changes. This follows a year of share price declines and a recent CEO transition.
Insights:
Activist investor Elliott has built a stake of more than 10% in Norwegian Cruise Line Holdings Ltd. and plans to push for changes. This significant accumulation of shares was reported by the Wall Street Journal (WSJ) and comes at a time when the cruise operator is facing increased pressure to improve its financial performance and governance.
