Markets & Finance

P&O Princess and Royal Caribbean Merge


Cruise ship operators P&O Princess (POC) and Royal Caribbean (RCL) agree to merge in a deal valued at about $6 billion. P&O holders will have 50.7% voting and economic interest in the combined company, while RCL will have 49.3%. One RCL share will have the same interests as 3.46386 P&O shares. (11/20)

Carpet maker Mohawk Industries Inc. (MHK) says it will acquire ceramic tile maker Dal-Tile International (DTL) for about $1.663 billion, including the repayment of approximately $261.7 million in Dal-Tile's debt. Terms: $11 cash, 0.2414 MHK share per DTL share, subject to adjustments. (11/20)

New Jersey bank company United National Bancorp (UNBJ) will acquire Vista Bancorp (VBNJ) for cash and stock worth a total of $151 million, or $28.36 per VBNJ share in cash and UNBJ stock. (11/20)

Drug discovery company Exelixis Inc. (EXEL) announces plans to acquire gene analysis software company Genomica Corp. (GNOM) in a $110 million stock deal. (11/19)

WSJ says some money managers are hoping the departure of Palm Inc.'s (PALM) CEO Carl Yankowski might pave the way for PALM and Handspring (HAND) to merge. (11/19)

City National Corp. (CYN) says it will acquire Civic BanCorp (CIVC) in a deal valued at $113 million in cash and stock. (11/19)

Internet bank company NetBank Inc. (NTBK) says it will acquire Resource Bancshares Mortgage Group Inc. (RBMG) for about $148.3 million. Terms: 1.1382 NTBK share per RBMG share. (11/19)


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