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. » Plus sur 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. » Plus sur 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). » Plus sur de.investing.com

Alexander & Baldwin signed a definitive merger agreement to be acquired by a joint venture formed by MW Group, funds affiliated with Blackstone Real Estate and DivcoWest for $21.20 per share, valuing the deal at about $2.3 billion and representing a c.40% premium. The transaction, subject to customary closing conditions and shareholder approval, is expected to close in Q1 2026, and the stock jumped to a three-year high on the news. The company also declared a $0.35 dividend for shareholders of record on December 19, payable January 8, 2026. » Plus sur finance.yahoo.com

A consortium of MW Group, Blackstone Real Estate and DivcoWest is offering $21.20 per share in cash to acquire Alexander & Baldwin for about $2.3 billion, a 40% premium to the closing price. After closing, expected in Q1 2026, A&B will be delisted from the NYSE and run as a private company; the name, brand and headquarters in Honolulu are to be retained. The investors plan to spend more than $100 million on portfolio upgrades; A&B owns about 4.0 million square feet of commercial space in Hawaii. The board supports the deal and also approved a Q4 2025 dividend of $0.35 per share. » Plus sur de.investing.com