Norwegian Viva is the second Prima-class ship for Norwegian Cruise Line, seen here at Great Stirrup Cay on Nov. 30, 2023.
Richard Tribou | Orlando Sentinel | Tribune News Service | Getty Images
Elliott Management on Tuesday disclosed it has built a 10% stake inNorwegianCruise Line Holdings, asthe activist investorpushes for changes to turn around the cruise operator.
Shares of the company were up more than 8% Tuesday morning. The stock fellmore than13% last year.
Elliott called for changeson the company’s board, arguing that thecurrent directors hadfailed to fulfilltheirfundamental responsibilities, includingtheirmost important obligationof selectingthe right leadership.
The activist investor also pushed for a new business plan atNorwegian, according toa presentation and letter sent to the company.
NorwegianCruise did not immediately respond to Reuters’ request for comment.
About The Author
