Thursday July 2, 04:08 PM
STOCKS NEWS US-Carnival offers London-listed shares, stock falls
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Real (Frankfurt: BJU.F - news) -time Equity news
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1050 ET 02July2009-Carnival (NYSE: CCL - news) offers London-listed shares, stock falls
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Shares of Carnival Corp & Plc fell on Thursday, after the company
said it was offering up to 25 million newly-issued common shares listed on the
London Stock Exchange (LSE: LSE.L - news) .
The cruise ship operator intends to use the proceeds from the offering to
buy common stock of Carnival Corp, which is traded on the New York Stock
Exchange, and for general corporate purposes.
For details, see
Shares of Carnival fell 3.4 percent to $25.40 on the New York Stock
Exchange while peer company Royal Caribbean was off 4.6 percent to
$13.59.
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