Royal Caribbean Cruises Ltd. has entered into an agreement with Morgan Stanley for a $200 million accelerated share repurchase program. The transaction is expected to be completed by the end of Jan. 2016 and is part of a $500 million program approved by the company’s board of directors. Royal Caribbean shares are up 14.9% for the year so far. The S&P is down 0.3% for the same period.
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