Dolphin Cove seats new board members, as buyer takes control

Dolphin Cove Limited shareholders on Monday approved four new directors nominated by Global Attractions Limited, the Saint Lucia-based entity that agreed in July to acquire a 79.99 per cent stake in the Jamaican marine parks operator from World of Dolphins Inc. The sale price has not been disclosed, but the 79.99 per cent stake is valued at roughly $3.4 billion based on the company’s market capitalisation of some $4.2 billion. The transaction was executed off-market through a private share purchase agreement.