Alexander & Baldwin

Alexander & Baldwin released supplemental information on the planned merger with Tropic Merger Sub in response to four lawsuits filed by shareholders and 16 demand letters from counsel. The updated proxy materials include board statements, changes to termination fees, a lack of discussions about the post‑deal management structure, and revised financial projections for 2025–2030 (including 2026 NOI of 147.6 million USD and consolidated net income of 87.1 million USD). The company denies the allegations but announced the supplements to avoid delays; a virtual shareholders’ meeting to vote on the takeover (privatization at 21.20 USD per share, transaction valued at 2.3 billion USD) is scheduled for March 9, 2026. » Mere på de.investing.com

Heartland Value Fund highlighted Alexander & Baldwin as a case where long-term patience unlocked true value after initiating a position in summer 2024 while cautiously increasing real estate exposure. The fund noted ALEX shares were down 1.10% over one month but up 20.73% over 52 weeks, closing at $20.73 per share with a $1.508 billion market cap on Jan. 12, 2026. The letter also observed 17 hedge funds held ALEX at the end of Q3 and said some AI stocks may offer greater upside and lower downside risk. » Mere på finance.yahoo.com

Alexander & Baldwin shares rose to a 52‑week high of $20.97. A joint venture of MW Group, Blackstone Real Estate and DivcoWest plans a cash privatization for $2.3 billion, offering shareholders $21.20 per share — a 40% premium. Analysts including Piper Sandler and Janney cut their ratings to Neutral, while Citizens kept its Market Perform view; the company also took a $200 million term loan to replace its revolving credit line (maturity Nov. 3, 2030). » Mere på de.investing.com