Both sides said there was no assurance that a definitive agreement would be reached.

The cruise ports operator said that it had identified new acquisition targets but added that no definitive agreements were in place.

In the last year, many top-tier biotech and pharmaceutical giants have reached definitive agreements to merge.

This can take place immediately upon execution of the definitive agreements or after a few weeks.

Simultaneously with negotiating the definitive agreements, the investors examine the financial statements and books and records of the company, and all aspects of its operations.