Carnival Corp said this morning that Micky Arison will sell up to 10 million shares of Carnival Corp representing up to approximately 1% of the total combined voting rights of the company. Arison said he is selling the shares "for tax planning, estate planning and diversification purposes."
Five million of the shares were sold this morning at a price of $39.50. The remaining five million will be sold over the next 15 months in accordance with SEC rules.
Even after the sale of the 10 million shares, the Arison family and related entities will still control approximately 188 million shares of Carnival Corp, which is approximately 24% of the combined voting rights of Carnival Corp.
