Royal Caribbean shares fall after report co nears Sandals Resorts deal
BUZZ-Royal Caribbean shares fall after report co nears Sandals Resorts deal ** Cruise operator Royal Caribbean's shares RCL.N fall 7.4% to $231.64
** RCL nears deal to buy majority stake in retreat company Sandals Resorts International, the Financial Times reports
** The deal will value Sandals at more than $6 billion, report says
** Some of the late-founder Gordon Steward family would retain equity holding in Sandals, with RCL becoming the controlling shareholder, report says, citing people familiar with the matter
** Royal Caribbean and Sandals did not immediately respond to Reuters' requests for comment
** RCL raised annual adjusted profit forecast in July to $17.73 to $17.87 per share, from its prior forecast of $17.10 to $17.50, but trimmed annual revenue target
** An agreement could be reached in the coming days - report
** Up to last close, shares down about 10% YTD
(Reporting by Angela Christy M)