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Royal Caribbean Group Falls 5% on $3B Sandals Resorts Stake; Carnival and Norwegian Slide 3%
Source: 247wallst.com
M&A & RestructuringTravel & Leisure
Royal Caribbean Group shares fell in Wednesday morning trading after the cruise operator confirmed an agreement to acquire a stake in Sandals and Beaches Resorts. The deal expands Royal Caribbean's exposure to land-based Caribbean resorts, but the article provides no transaction value, ownership percentage, or financial terms.
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