Alexander & Baldwin (ALEX +10.1%) says it plans to split itself into two companies, one with...

|About: Alexander & Baldwin, Inc. (ALEX)|By:, SA News Editor

Alexander & Baldwin (ALEX +10.1%) says it plans to split itself into two companies, one with interests in real estate and agriculture with the other in ocean transportation and logistics, in a very weak shipping market. The separation is expected to be completed in the second half of next year.