Royal Caribbean Cruises is trading 4.45% down at $224.43 after announcing a $3 billion purchase of a 50% stake in Sandals and Beaches Resorts; market coverage linked the selloff to concerns about the deal’s size and financing.
- Reuters reported the deal expands the company into land-based, all-inclusive vacations.
- The stock had already fallen 6.14% to $234.89 on September 22 after reports of the deal surfaced.