Cruise Industry Mulls Possible Acquisition By China’s HNA
by Cheryl Rosen /
Cruise line stocks are on the rise today amid rumors on wall Street that Chinese firm HNA Group is considering an acquisition.
Royal Caribbean, Carnival and Norwegian stocks are all moving higher based on the story.
HNA has been on a buying spree in the travel industry of late, snapping up Carlson Hotels and spending $6.5 billion to buy a 25% stake in Hilton Worldwide Holdings Inc.