The tussle for the follow-on business from Star Cruises' acquisition of Norwegian Cruise Lines has taken an interesting turn. The $1.8 billion acquisition was advised by ABN Amro, which offered a bridge loan to finance the transaction. The assumption was that ABN would then do the follow-on business û a syndicated loan and a new equity offering. Maybe not, it seems.
ThereÆs a lot of talk these days about synergies and financial supermarkets. The idea is to offer clients every range of service and collect a fee every step of the way. In this case, ABN Amro said it wanted to arrange the $600 million loan and secure it against the companyÆs ships. Star,...
