Carnival Gains On Share Swap Buyback, Revised Term Loan And Cruises By Investing.com
By Dhirendra Tripathi Investing.com – Carnival (NYSE:CCL) rose 1% Thursday on a stock swap repurchase program, revised terms for cheaper loans, and more cruises getting launched. Carnival is undertaking a two-step exercise under which the U.S. company, Carnival Corp, is selling its equity to raise up to $500 million in an at-the-market offering. Carnival Corp could use the same money to buy 18.38 million shares of U.K.-based Carnival Plc (LON:CCL), an effort that could go on till January 31 next year. The U.S. unit intends to sell the shares in the offering only when the ordinary...
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