US Stocks Movement | Royal Caribbean Cruises (RCL.US) Falls 3% on Plan to Acquire Half of Sandals for $3 Billion

Zhito Finance APP has learned that on Wednesday, Royal Caribbean Cruises (RCL.US) opened lower and moved downward, with intraday losses exceeding 5% at one point. As of press time, the decline had narrowed to 3%. On the news front, Royal Caribbean International announced that it has agreed to acquire a 50% stake in all-inclusive resort operator Sandals Resorts International for $3 billion, valuing the latter at $6 billion. This is the company's largest transaction in history, aimed at expanding its business from the sea to the land-based resort market. The company's stock price has fallen about 25% over the past year, after it lowered its revenue growth forecast due to weakening demand for European routes.