Key Developments: Matson Inc (MATX.N)
26.00USD
20 May 2013
$0.00 (+0.00%)
$26.00
$25.99
$26.17
$25.89
43,240
43,955
$53.66
$19.96
Latest Key Developments (Source: Significant Developments)
Matson Inc Announces Quarterly Dividend Of $0.15
Matson Inc announced that it has declared its second quarter cash dividend of $0.15 per share. The dividend is payable June 6, 2013 to Matson shareholders of record as of the close of business on May 9, 2013. Full Article
Matson Inc Announces Quarterly Dividend Of $0.15
Matson Inc announced that its Board of Directors has declared its first quarter cash dividend of $0.15 per share. The dividend is payable March 7, 2013, to Matson shareholders of record as of the close of business on February 14, 2013 Full Article
Matson Inc Signs Agreement To Acquire Assets Of Reef Shipping In South Pacific
Matson Inc announced that it has signed a definitive agreement to acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand that has been in business since 1968. The assets to be acquired include four vessels and approximately 1,500 pieces of container equipment. The financial terms of the agreement were not disclosed and the closing of the transaction is expected to occur on or about year-end. Full Article
Matson Inc Announces Quarterly Dividend of $0.15
Matson Inc announced that the Board of Directors declared its fourth quarter cash dividend of $0.15 per share. The dividend is payable December 6, 2012 to Matson shareholders of record as of the close of business on November 8, 2012. Full Article
Alexander & Baldwin Holdings Inc Completes Separation Of Land And Transportation Businesses
Alexander & Baldwin Holdings Inc announced that it has completed on June 29, 2012 its previously announced plan to separate its land and transportation businesses into two stand-alone, publicly traded companies. The land business will operate under the name Alexander & Baldwin, Inc. (A&B) and, beginning on July 2, will trade on the New York Stock Exchange under the ticker symbol ALEX. The transportation business will operate under the name Matson, Inc. (Matson) and, also beginning on July 2, will trade on the New York Stock Exchange under the ticker symbol MATX. Stanley Kuriyama, current president and chief executive officer of Alexander & Baldwin, Inc., will continue in his role as CEO of A&B and will also become its chairman. Matthew Cox, current president of Matson, Inc., will assume the role of Matson's chief executive officer. Full Article
Alexander & Baldwin Inc's A&B Properties Competes Acquisition of Second Development Site and Two Office Buildings at Gateway at Mililani Mauka
Alexander & Baldwin Inc announced that its real estate subsidiary A&B Properties Inc has completed the acquisition of the Gateway at Mililani Mauka South (Gateway South) property, a five acre, fee-simple office complex that includes two fully leased office buildings totaling 18,700 square feet and a 1.6-acre, fully entitled development site. A&B Properties purchased Gateway South from Castle & Cooke Homes Hawaii, Inc. for $11.4 million. The property is directly across the street from the Gateway at Mililani Mauka Shopping Center acquired by A&B Properties in December 2011. Full Article
Alexander & Baldwin, Inc. Announces Financing Arrangement
Alexander & Baldwin Holdings, Inc. successor by merger to Alexander & Baldwin, Inc., announced that its wholly-owned subsidiary, Matson Navigation Company, Inc. (Matson Navigation), has entered into a series of debt financing agreements undertaken on behalf of Matson, Inc. (Matson) as part of the previously announced plan to separate the Company's transportation and land businesses into two publicly traded companies. Subject to final approval by the Alexander & Baldwin Holdings, Inc. Board of Directors, the separation remains on track for completion early in the third quarter of this year or as early as the end of the second quarter. The new $375 million unsecured revolving senior credit facility with a syndicate of banks has an option to increase the facility's capacity by another $75 million. The facility has a five-year term maturing in June 2017, with an initial stated interest rate of London Interbank Offered Rate (LIBOR) plus 1.5%. Matson anticipates that approximately $75 million will be drawn from the new credit facility immediately following the separation. Bank of America, N.A. served as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated and First Hawaiian Bank served as joint lead arrangers for the revolving credit facility. Full Article
Alexander & Baldwin, Inc. Authorizes Second Quarter 2012 Dividend
Alexander & Baldwin, Inc. announced a second quarter 2012 dividend of $0.315 per share. The dividend is payable on June 4, 2012 to shareholders of record as of the close of business on May 10, 2012. Full Article
Alexander & Baldwin, Inc.'s Subsidiary A&B Properties, Inc. Acquires Retail Center And Prime Development Site In Central
A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc. announced that it has completed the acquisition of a 4.35 acre, fee-simple parcel within the 7 acre Gateway at Mililani Mauka Shopping Center complex from Castle & Cooke Properties for $8.2 million. The parcel includes approximately four acres of land zoned for commercial development and a 5,880 square foot multi tenant retail building, which is fully occupied. Full Article
Alexander & Baldwin, Inc.'s Board of Directors Authorizes Fourth Quarter 2011 Dividend
Alexander & Baldwin, Inc. announced a fourth quarter 2011 dividend of $0.315 per share. The dividend is payable on December 1, 2011 to shareholders of record as of the close of business on November 10, 2011. Full Article
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