Royal Caribbean set for $250 mln share buyback

[Jason]

OSLO, Sept 12 (Reuters) - U.S.-Norwegian cruise line operator Royal Caribbean (RCL.OL: Quote, Profile, Research) has agreed with Goldman Sachs to repurchase up to $250 million worth of its stock, as signalled in late July, the company said on Monday.

The minimum and maximum number of shares to be bought, the minimum and maximum price and the timing of the buybacks will be determined within about 10 days, based on the stock price (RCL.N: Quote, Profile, Research) on the New York Stock Exchange, Miami-based Royal Caribbean said in a statement.

It called the plan an "accelerated repurchase programme."

Royal Caribbean's U.S.-listed share ended at $41.88 in New York on Friday. It has traded in 2005 between a high of $55.47 and a low of $40.72.

Royal Caribbean shares closed at 265 Norwegian crowns

($42.17) on Friday. The stock has fallen from a 2005 high of 344 crowns set in January, but is up from a year-low of 255 hit in April. The Oslo bourse is due to reopen at 0800 GMT.