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This capitalisation allowed it to use shareholder money to build larger, more expensive ships. A new policy to this end was put into effect by Cunard's new chairman, John Burns, and announced in the London Times. [1]: 235 Launched on 1 March 1881, Servia was the first of Cunard's new breed of ocean liners.
In 1998, Carnival Corporation purchased a controlling stake in Cunard, completing the acquisition in 1999 to become sole shareholder. [47] Since that time, Cunard has been one of Carnival's most high-profile brands, with the continued popularity of the famous Queen Elizabeth 2 and the development of the world's largest trans-Atlantic Ocean ...
Cunard offered Parry a fortnightly service beginning in May 1840. While Cunard did not then own a steamship, he had been an investor in an earlier steamship venture, Royal William, and owned coal mines in Nova Scotia. [13] Cunard's major backer was Robert Napier whose Robert Napier and Sons was the Royal Navy's supplier of steam engines. [17]
Cunard Caravel: 1971: 1971–1974: Bulk carrier: 15,498: Sold to the Great Eastern Shipping Co in 1974 and renamed Jag Shanti. Scrapped at Alang, India in 1997: Cunard Carronade: 1971: 1971–1978: Bulk carrier: 15,498: Sold to Olympic Maritime in 1978. and renamed Olympic History. Cunard Calamanda: 1972: 1972–1978: Bulk carrier: 15,498: Sold ...
Trafalgar House acquired the Cunard group of shipping and leisure companies in 1971. [9] At the time of the acquisition, Cunard operated cargo and passenger ships, hotels and resorts; its fleet comprised forty-two active cargo ships, with fourteen more under construction, as well as three passenger ships, with two more under construction.
In mergers and acquisitions, a mandatory offer, also called a mandatory bid in some jurisdictions, is an offer made by one company (the "acquiring company" or "bidder") to purchase some or all outstanding shares of another company (the "target"), as required by securities laws and regulations or stock exchange rules governing corporate takeovers.
The Cunard Line merged with the White Star Line in 1934, and was to launch liners such as the RMS Queen Mary (1936). Today it is a US-owned cruise company, which operated the famous Queen Elizabeth 2 (QE2). In addition to his shipping interests, Burns was also one of the largest shareholders in The Glasgow and South-Western Railway
The Shareholder Rights Directive 2007 replaced the First Company Law Directive 68/151/EEC. [4] It set out minimum requirements relating to the holding of meetings in the EU. The directive was amended and largely extended by Directive 2017/828/EU of 17 May 2017, also known as SRD II, [5] as regards the encouragement of long-term shareholder ...