Royal Caribbean completes $200m accelerated share repurchase

The repurchase price was determined based on the average of the daily volume-weighted average prices of the stock during the term of the transaction, less a discount.

The ASR transaction was executed as part of an authorization by the company's Board of Directors to repurchase up to $500m of common stock.  With the completion of the transaction $300m remains under the share repurchase authorization.  The company expects to complete the program by year-end 2016.