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News Breaks | | | | January 31, 2013 | | 09:32 EDT |  | CCL, CUK | Carnival announces repurchase program, Carnival plc share sale Carnival (CCL) announces that it and Carnival Investments Limited, a wholly owned subsidiary, intend to sell existing Carnival plc (CUK) ordinary shares that they hold in the UK market. The ordinary shares will be sold from time to time in the UK in "at the market" transactions at times when the Carnival common stock is trading at a discount to Carnival plc shares. Carnival intends to use the net proceeds of the sales to repurchase Carnival common stock on at least an equivalent basis in the U.S. market, and to use the remaining net proceeds, if any, for general corporate purposes. Carnival only intends to trade where it will derive an economic benefit from the Carnival plc Share Sales and Carnival Corporation Stock Swap Repurchase program. | |
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