US EditionAlexander & Baldwin Leaves Stock Market After Major Sale
The $2.3 billion all-cash deal offers A&B shareholders a 40% premium and includes plans to invest over $100 million to enhance the Hawaiian commercial real estate portfolio.
- Late Monday, A&B disclosed a definitive all-cash merger agreement that values the company at about $2.3 billion, led by MW Group, Blackstone Real Estate, and DivcoWest.
- Representing a 40.0% premium to the Dec 8, 2025, close, A&B shareholders will receive $21.20 per share, with a $0.35 dividend payable January 8, 2026, reducing consideration.
- Its portfolio spans roughly 4.0 million square feet across 21 retail centers, 14 industrial assets, four office properties and 146 acres, while shares surged 37.5% adding roughly $300M in value.
- Expected to close in Q1 2026, the deal requires shareholder votes and customary regulatory steps, with A&B's common stock delisted from the New York Stock Exchange after the A&B Board of Directors' unanimous approval.
- With 155 years in Hawai'i, A&B's legacy anchors the transaction, and the Investor Group said it will retain A&B's name, Honolulu headquarters, Hawai'i-based management, and disclose risks in SEC filings.
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Alexander & Baldwin to become private company in $2.3B deal | Honolulu Star-Advertiser
Alexander & Baldwin, the state’s dominant owner of grocery‑anchored neighborhood shopping centers, has agreed to go private in a $2.3 billion merger with a partnership led by Honolulu‑based MW Group and investment funds affiliated with Blackstone Real Estate and DivcoWest.
Alexander & Baldwin to go private in $2.3B deal with MW Group, Blackstone and Divco West
Alexander & Baldwin, one of Hawaii's historic "Big Five" companies, will transition to private ownership while promising to maintain its Hawaii headquarters and local leadership team.
Alexander & Baldwin to be Taken Private in $2.3 Billion Transaction - Alexander & Baldwin (NYSE:ALEX), Blackstone Mortgage Trust (NYSE:BXMT)
Shareholders to Receive $21.20 Per Share in Cash Representing a 40.0% Premium to Closing Price on December 8, 2025 HONOLULU, Dec. 8, 2025 /PRNewswire/ -- Alexander & Baldwin, Inc., (NYSE:ALEX) ( "A&B" or
Joint Venture to Acquire Alexander & Baldwin in $2.3 Billion Deal, Take Hawaiian Company Private
HONOLULU — A joint venture formed by locally based MW Group Ltd. and funds affiliated with Blackstone Real Estate and DivcoWest has entered into a definite merger agreement with Alexander &… The post Joint Venture to Acquire Alexander & Baldwin in $2.3 Billion Deal, Take Hawaiian Company Private appeared first on Shopping Center Business.
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