Arison to sell 10 million Carnival shares

By Tom Stieghorst
Micky Arison, CEOCarnival 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.  
This page is protected by Copyright laws. Do Not Copy. Purchase Reprint
blog comments powered by Disqus

View Comment Guidelines

Please upgrade your Flash Player.
Please upgrade your Flash Player.

Travel Weekly Poll

Voices

  • Consumer media discover that travel agents do exist

    "Contrary to some thoughts, travel agents do exist ... We are usually able to get clients better prices, and we know we can see that clients have better experiences. And as our personal motto is: Our Service Travels With You."

    More»

TW Index: Most Active Stocks

Latest Top News:
Caribbean
Europe
Travel Weekly is on Facebook
Viewpoints For Travel Agents
Travel Weekly Topics