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Article: Carnival Corporation & Plc Announces Carnival Plc Share Sale and Carnival Corporation Stock Repurchase Program.
- Article from:
- PR Newswire
- Article date:
- July 2, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MIAMI, July 2 /PRNewswire-FirstCall/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announces that Carnival Investments Limited, a wholly owned subsidiary of Carnival Corporation, intends to sell up to 25,000,000 existing Carnival plc ordinary shares that it holds in the UK market ("Share Sales"). The ordinary shares will be sold from time to time in the UK in "at the market" transactions at times when the Carnival Corporation common stock is trading at a discount to Carnival plc shares. Carnival Corporation & plc intend to use the net proceeds of the Carnival plc Share Sales to repurchase Carnival Corporation common stock on at least an equivalent basis in ...
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