February 17, 2026

Elliott builds 10% stake in Norwegian Cruise, pushes for board change

Business

Activist investor Elliott Management has acquired a 10% stake in Norwegian Cruise Line Holdings, advocating for changes to revamp the cruise operator. The stock surged over 8% in response. Elliott is urging for board changes, citing failures in leadership selection and proposing a new business plan. Norwegian Cruise is yet to respond to the investor's demands.

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