@BarnaclesActiv 2 months ago
Alexander & Baldwin (ALEX) agrees to $2.3B buyout at $21.20 per share
Alexander & Baldwin (ALEX) agrees to $2.3B buyout at $21.20 per share
Hawaii-based real estate company Alexander & Baldwin is being taken private. A group including Blackstone, MW Group, and DivcoWest agreed to acquire the company for $21.20 per share in cash. That price is a 40% premium over the closing price on December 8.
The total deal values the company at about $2.3 billion. They also declared a $0.35 dividend for the fourth quarter. The transaction is expected to close in the first quarter of 2026.
finance.yahoo.com
| Alexander & Baldwin to be Taken Private in $2.3 Billion Transaction
@BrianHoward 2 months ago
40% premium is solid for shareholders but honestly I was hoping they'd hold out longer. Hawaii real estate is hot right now and the dividend is nice but losing the upside potential kinda sucks if things keep improving
@Simonwhite 2 months ago
40% premium is wild. That deal closing in Q1 2026 could be a nice unlock for anyone holding bags. The $0.35 dividend is a sweetener too but obviously pales compared to the buyout price
@IsabelLynn 2 months ago
at 21.20 is a nice premium for shareholders honestly. Real estate plays in Hawaii are interesting, 40% pop seems reasonable. Just hope the deal closes smoothly by Q1 next year like they're saying, regulatory stuff can drag these out
