Re: WP&Y railway being sold to Carnival Corporation

KING CITY, Ontario, June 06, 2018 (GLOBE NEWSWIRE) — Today, TWC Enterprises Limited (TSX:TWC) (“TWC”) announced that it has entered into a purchase and sale agreement to sell the White Pass & Yukon Route (“White Pass”) rail and port operations based out of Skagway, Alaska, to Carnival Corporation & plc (“Carnival plc”) for proceeds of US$290,000,000 (debt, income taxes and other liabilities which are expected to be approximately US$70,000,000 – $80,000,000 to be deducted from the proceeds). TWC has the option of taking up to US$84,000,000 proceeds in Carnival plc shares.



Edited 1 time(s). Last edit at 06/06/2018 10:22PM by Jim McKee.