Altamont Press Discussion Board :: Discussion :: White Pass &Yukon RR sold to Carnival Corp (cruise ship operator)

White Pass &Yukon RR sold to Carnival Corp (cruise ship operator)

Author: Graham Buxton

Date: 06-07-2018 - 05:19

Quote:
BusinessInsider.com
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, through its subsidiary, Holland America Princess Alaska Tours, announced today it has entered into a purchase and sale agreement to acquire TWC Enterprises Limited's White Pass & Yukon Route (WP&YR) division, which includes White Pass' port, railroad and retail operations in Skagway, Alaska. The transaction is scheduled to close on July 31, 2018 subject to customary closing conditions.

More here:
[markets.businessinsider.com]

This transaction alters the ongoing situation in Skagway about who would pay for (and control) a new dock there. They WP&Y controls the current dock, but that lease ends in 2023. If you are interested in that issue, here is an article from last November:
[khns.org]

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Subject	Written By	Date/Time (PST)
White Pass &Yukon RR sold to Carnival Corp (cruise ship operator)	Graham Buxton	06-07-2018 - 05:19
Re: White Pass &Yukon RR sold to Carnival Corp (cruise ship operator)	Arlen Sheldrake	06-07-2018 - 08:25
Re: White Pass &Yukon RR sold to Carnival Corp (cruise ship operator)	John Bruce	06-07-2018 - 09:49
Re: White Pass &Yukon RR sold to Carnival Corp (cruise ship operator)	Don B	06-07-2018 - 11:17
Re: White Pass &Yukon RR sold to Carnival Corp (cruise ship operator)	Brian Westgate	06-07-2018 - 13:53
Re: White Pass &Yukon RR sold to Carnival Corp (cruise ship operator)	John Bruce	06-07-2018 - 14:28
Re: White Pass &Yukon RR sold to Carnival Corp (cruise ship operator)	Craig Tambo	06-07-2018 - 22:26

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Graham Buxton Wrote:
-------------------------------------------------------
> Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:
> CUK), the world's largest leisure travel company,
> through its subsidiary, Holland America Princess
> Alaska Tours, announced today it has entered into
> a purchase and sale agreement to acquire TWC
> Enterprises Limited's White Pass & Yukon Route
> (WP&YR) division, which includes White Pass' port,
> railroad and retail operations in Skagway, Alaska.
> The transaction is scheduled to close on July 31,
> 2018 subject to customary closing conditions.
> 
> 
> More here:
> http://markets.businessinsider.com/news/stocks/car
> nival-corporation-plc-acquires-port-railroad-and-r
> etail-operations-in-alaska-1001769920
> 
> 
> This transaction alters the ongoing situation in
> Skagway about who would pay for (and control) a
> new dock there. They WP&Y controls the current
> dock, but that lease ends in 2023.  If you are
> interested in that issue, here is an article from
> last November:
> https://khns.org/skagway-assembly-continues-work-o
> n-mou-with-white-pass-and-yukon-route-railroad

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