Carnival Corp. Chairman Micky Arison said in a securities filing he will sell 10 million shares of stock for tax, estate planning and diversification purposes.
Of the total, 5 million were sold Feb. 28 at $39.50 a share, yielding $197.5 million pre-tax. The remaining shares will be sold over the next 15 months, a news release said.
The sale would reduce the combined voting rights of the Arison family trusts by 1% to 24%, and leave them with 188 million Carnival Corp. and plc shares.
Carnival’s predecessor company was founded by Arison’s father, Ted Arison, in 1972.Follow Tom Stieghorst on Twitter @tstravelweekly.