Matson

Separation Information

On December 1, 2011, Alexander & Baldwin, Inc. announced that its board of directors had unanimously approved a plan to pursue the separation of the company into two independent, publicly traded companies.

The Company will complete the separation by distributing to all persons who are shareholders of record of the Company as of 5:00 p.m., Eastern Daylight Time, on June 18, 2012 (the “Record Date”), one share of New A&B common stock for every one share of Company stock owned as of the Record Date. The distribution will be effective at 4:00 p.m. Eastern Daylight Time, on June 29, 2012 (the “Distribution Date”). The first day of “regular way” trading of the stock of each separate company is expected to be Monday, July 2, 2012.

  • Founded in 1882, Matson, Inc. is one of the leading U.S. carriers in the Pacific. Matson provides a vital lifeline to the island economies of Hawaii, Guam and Micronesia and premium, expedited service from China to Southern California. The Company's fleet of 17 ships includes containerships, combination container and roll-on/roll-off vessels and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout the continental U.S. Its integrated, asset-light logistics services include rail intermodal, highway brokerage and warehousing.
  • Alexander & Baldwin, Inc. is a premier Hawaii-based land company with interests in real estate development, commercial real estate and agriculture. Prior to separation, Alexander & Baldwin had owned Matson Navigation Company, Inc. as a wholly-owned subsidiary since 1969.

Separation Announcement
8-K filed with the SEC on
December 2, 2011

Entry into a Material Definitive Agreement
8-K filed with the SEC on
February 14, 2012

Slide presentation and Unaudited Pro Forma
Condensed Consolidated Financial Statements

8-K filed with the SEC on
April 11, 2012

Board Approves Separation
News Release
June 8, 2012

Form 8937 and Supplemental Information
July 13, 2012