Matson’s Parent Company, A&B, to Separate into Two Publicly Traded Companies
On December 1, 2011, Alexander & Baldwin, Inc. (NYSE: ALEX) announced a plan to separate the company into two publicly traded companies during the third quarter of 2012. Upon separation, Alexander & Baldwin, Inc. will be focused on real estate and agriculture and Matson Navigation Company, Inc. will be focused on transportation and logistics. As communicated earlier, the separation does not involve the sale of either business, and there will be no changes in Matson’s operations or services, or the people with whom you do business. Information about the separation is accessible on http://www.alexanderbaldwin.com/investor-relations/
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