WWE: Vince selling a large chunk of WWE stocks

The WWE issued a press release this morning regarding Vince McMahon and family selling off a tremendous amount of its personal holdings in World Wrestling Entertainment. Below is the official statement:

STAMFORD, Conn., May 12, 2004 – World Wrestling Entertainment, Inc. (NYSE:WWE) announced today that approximately 6.1 million shares of its Class A common stock owned by the Vincent K. McMahon Irrevocable Trust (the "Trust") are being offered for sale in a public offering pursuant to a shelf registration statement that has been declared effective by the Securities and Exchange Commission.