Activist hedge fund Elliott Investment Management has disclosed a stake exceeding 10% in Norwegian Cruise Line Holdings, citing concerns over corporate governance and management spending, including on a Katy Perry concert, according to a report by Bloomberg.
Elliott argued that such outlays have not generated shareholder value and outlined a strategy for Norwegian shares to reach $56. Following the disclosure, Norwegian shares surged 12% to $24.10 in New York, marking the company’s largest one-d...
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