Carnival Corporation Unveils Plan to Unify Structure and Redomicile to Bermuda

Reuters02-21 05:23
Carnival Corporation Unveils Plan to Unify Structure and Redomicile to Bermuda

Carnival Corporation said it has entered into a unification agreement with Carnival plc to collapse their dual-listed company structure under a single parent, Carnival Corporation, with Carnival plc becoming a wholly owned UK subsidiary. The plan also calls for Carnival Corporation to redomicile from Panama to Bermuda as “Carnival Corporation Ltd.”, subject to shareholder and UK court approvals, NYSE listing approval for new shares, SEC effectiveness of a Form S-4, and remaining regulatory clearances.

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