Miami-based Norwegian Cruise Line Holdings is expanding its cruise portfolio with the acquisition of Prestige Cruises International Inc., the operator of Oceania Cruises and Regent Seven Seas Cruises.
On Tuesday, the company, which operates as Norwegian Cruise Line announced it had entered into a definitive agreement to acquire Prestige in a $3 billion cash and stock deal, including the assumption of debt.
Miami-based Prestige operates eight ships across the two brands, which cater to affluent and experienced travelers and enjoy high repeat guest rates.
Plans call for keeping the cruise lines as individual brands.
"They are three great companies and they're...