mikjr Posted December 18, 2013 #1 Share Posted December 18, 2013 I received this from my broker regarding my shares in Carnival... it says check Carnivals website for further details on the offer... but I don't see anything on their site. anyone have any idea what the offer is? or where it's located on the Carnival site? Description: CARNIVAL CORP ORD (PANAMA) The above-listed stock is part of a non-mandatory reorganization or tender offer, which currently expires on 01/13/2014. Link to comment Share on other sites More sharing options...
beg3yrs Posted December 18, 2013 #2 Share Posted December 18, 2013 (edited) I can't find anything either except that earnings will be announced tomorrow (19th of December) on a conference call. Maybe something will come out of that. It could be some kind of buy back, either stock or notes. Edited December 18, 2013 by beg3yrs Link to comment Share on other sites More sharing options...
Whoo Posted December 18, 2013 #3 Share Posted December 18, 2013 I got the same thing. My email said to check Carnival's website, or contact my broker for more information. I haven't seen any announcement in the news yet. I'll wait until tomorrow, and if I still don't see anything I will call my broker. Link to comment Share on other sites More sharing options...
SadieN Posted December 18, 2013 #4 Share Posted December 18, 2013 There is a thread on the Carnival board about this. It seems to be a company that buys dividend producing stocks. I'd link the thread but can't figure out how to do that from my phone. Link to comment Share on other sites More sharing options...
Thrak Posted December 18, 2013 #5 Share Posted December 18, 2013 I got the mail as well and it looks to me like an offer to buy stock. I only hold 100 shares and have no intention of selling them so I'll just ignore the whole thing. Link to comment Share on other sites More sharing options...
stag Posted December 18, 2013 #6 Share Posted December 18, 2013 Someone offered you $33.75 to buy your CCL currently trading at $37. Link to comment Share on other sites More sharing options...
paul929207 Posted December 18, 2013 #7 Share Posted December 18, 2013 I haven't gotten anything yet. However, I see no reason anyone would sell for less than the current market price. Link to comment Share on other sites More sharing options...
RocketMan275 Posted December 19, 2013 #8 Share Posted December 19, 2013 I received this from my broker regarding my shares in Carnival... it says check Carnivals website for further details on the offer... but I don't see anything on their site. anyone have any idea what the offer is? or where it's located on the Carnival site? Description: CARNIVAL CORP ORD (PANAMA) The above-listed stock is part of a non-mandatory reorganization or tender offer, which currently expires on 01/13/2014. Read the article at the link below which explains 'tender offers'. Essentially, someone is trying to buy up enough carnival stock to take over the corporation. http://www.ehow.com/facts_7302915_non_mandatory-reorganization-tender-stock-offer_.html Link to comment Share on other sites More sharing options...
AKman2495 Posted December 19, 2013 #9 Share Posted December 19, 2013 Here is a press release from CCL: MIAMI, Dec. 13, 2013 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has scheduled a conference call with analysts for 10:30 a.m. (EST); 3:30 p.m. (GMT), Thursday, December 19, 2013, to discuss the company's fourth quarter financial results which are expected to be released that morning. And here is an article about the 4th Q earnings: http://www.zacks.com/stock/news/117107/will-carnival-ccl-surprise-this-earnings-season I looked and could find nothing on any hostile takeover of CCL... And a tender offer of $33 when the shares are trading at $37 is a joke. Link to comment Share on other sites More sharing options...
paul929207 Posted December 19, 2013 #10 Share Posted December 19, 2013 Here is a press release from CCL: MIAMI, Dec. 13, 2013 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has scheduled a conference call with analysts for 10:30 a.m. (EST); 3:30 p.m. (GMT), Thursday, December 19, 2013, to discuss the company's fourth quarter financial results which are expected to be released that morning. And here is an article about the 4th Q earnings: http://www.zacks.com/stock/news/117107/will-carnival-ccl-surprise-this-earnings-season I looked and could find nothing on any hostile takeover of CCL... And a tender offer of $33 when the shares are trading at $37 is a joke. This is the normal quarterly conference call that Carnival Corp holds four times a year to discuss the quarterly earnings. Link to comment Share on other sites More sharing options...
caribill Posted December 19, 2013 #11 Share Posted December 19, 2013 I would be suspicious just because it says Panama which is not where CCL is registered. Link to comment Share on other sites More sharing options...
pms4104 Posted December 19, 2013 #12 Share Posted December 19, 2013 (edited) I would be suspicious just because it says Panama which is not where CCL is registered. However ... according to my end-2012 Ameritrade statement for tax purposes, my CCL dividends were paid out of Panama. Edited December 19, 2013 by pms4104 Link to comment Share on other sites More sharing options...
thinfool Posted December 19, 2013 #13 Share Posted December 19, 2013 (edited) I would be suspicious just because it says Panama which is not where CCL is registered. I thought the same thing, but a little checking turned up the fact that Carnival Corp is a Panamanian Corporation. And Carnival plc is chartered in London/Wales. Or so it says in the 10Q Statement to the SEC. http://phx.corporate-ir.net/phoenix.zhtml?c=140690&p=irol-reportsother4 Edited December 19, 2013 by thinfool Link to comment Share on other sites More sharing options...
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