Royal Caribbean Cruises Ltd. announced last week it has wrapped up its previously announced agreement with Goldman, Sachs & Co. to purchase shares of its common stock for an aggregate purchase price of approximately $165 million in an accelerated share repurchase (ASR) transaction.
The agreement allows the company to purchase 4,214,130 shares immediately from Goldman, Sachs & Co. and potentially receive additional shares upon completion of the transaction up to a maximum of 419,206 shares.
Copa Holdings, S.A. and its Copa Airlines and AeroRepublica operating subsidiaries, today released preliminary passenger traffic statistics for May 2006.
For the month of May 2006, Copa Holdings´ system-wide passenger traffic (RPM) increased 25.3 percent, while capacity (ASM) increased 26.6 percent.
As part of the strategic review of its financial investments, French hotel group Accor decided to divest most of its stake in Club Mediterranee, 22.9 percent of the capital on a total stake of 28.9 percent.
Accor will sell in the near future, in its best interests, 6.9 percent of Club Mediterranee. In this context, an agreement has already been signed with Generali France for a stake of 1.5 percent.
The 18th World Soccer Cup kicked off in Munich on June 9, prompting six weeks of media frenzy heightened by the 15,000 journalists in attendance.
Three million spectators will fill the twelve stadiums of the competition, a figure that is likely to double when including the total number of tourists arriving in Germany to participate directly or indirectly in this event.
Grupo Aeroportuario del Pacifico, S.A. de C.V. has announced higher terminal passenger traffic figures for the month of May 2006
During the month of May 2006, terminal passenger traffic increased 4.4 percent compared to May 2005, driven by international passenger traffic, which grew 12.2 percent, while domestic passenger traffic remained nearly flat.
Oil and gas-rich Trinidad will launch its own entertainment company in an effort to diversify its economy, a government minister said Thursday.
Trade Minister Kenneth Valley said the government has earmarked $5.3 million (€4.1 million) for the Trinidad and Tobago Entertainment Co. for the next three years. The company will give loans and grants to artists and offer classes on music, video production, marketing and touring, he said.