Key shareholders in P&O Princess Cruises have signalled that they will delay a shareholder vote to approve its merger with Royal Caribbean Cruises after Carnival increased its hostile bid for Princess to £3.8bn (€6.2bn).
Princess directors have repeatedly rebuffed calls from Carnival, the world's largest cruise operator, to engage in merger talks. Princess has said that previous offers from Carnival have not been "superior in both value and deliverability" to their merger agreement with Caribbean, the world's second largest cruise operator.
