8-KOther Events

CARNIVAL CORP 8-K Report (May 29, 2003)

Filed May 29, 2003For Securities:CCL

Summary

This 8-K filing from Carnival Corporation & plc, dated May 29, 2003, primarily announces the filing of unaudited pro forma combined financial information for the first fiscal quarter of 2003. This pro forma data accounts for the Dual Listed Company (DLC) transaction completed on April 17, 2003, which established the company's DLC structure. This information is provided to comply with SEC pro forma financial reporting requirements. The filing also addresses a legal challenge initiated by Festival Crociere S.p.A. against the European Commission's antitrust approval of the DLC transaction. Carnival Corporation & plc intends to contest this action vigorously, expressing confidence that it will not materially affect the company or the transaction, citing the unprecedented nature of such a challenge to an unconditional clearance decision.

Key Highlights

  • 1Carnival Corporation & plc filed unaudited pro forma combined financial information for the first fiscal quarter of 2003.
  • 2The pro forma information reflects the impact of the Dual Listed Company (DLC) transaction completed on April 17, 2003.
  • 3The filing is made to comply with SEC pro forma financial reporting requirements.
  • 4Festival Crociere S.p.A. has initiated legal action against the European Commission seeking to annul antitrust approval of the DLC transaction.
  • 5Carnival Corporation & plc plans to intervene and contest the Festival Crociere lawsuit, expressing confidence in a favorable outcome.
  • 6The company believes the legal challenge is unlikely to have a material adverse effect on the company or the DLC transaction.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce the submission of unaudited pro forma combined financial information for Carnival Corporation & plc's first fiscal quarter of 2003. This information has been adjusted to reflect the impact of the Dual Listed Company (DLC) transaction that was completed in April 2003.

The DLC transaction established Carnival Corporation & plc's dual listed company structure, which was completed on April 17, 2003. The pro forma financial information filed in this report gives effect to this significant corporate restructuring.

Carnival Corporation & plc is addressing a legal action filed by Festival Crociere S.p.A. against the European Commission. Festival Crociere is seeking to annul the Commission's antitrust approval of Carnival's DLC transaction.

Carnival Corporation & plc intends to vigorously contest the lawsuit. The company believes that a successful challenge to an unconditional antitrust clearance is unprecedented and, based on their legal review, they are confident that the Festival action will not have a material adverse effect on the companies or the DLC transaction.