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Matson, Inc. (MATX)

  • Nov. 12, 2014, 12:43 PM
    • Matson (MATX +18.7%) trades higher after the company snaps up one of its key rivals in a $69M deal (ex-debt).
    • The acquisition will help Matson grow its Jones Act business (state-to-state).
    • Shares of MATX set a 52-week high in trading earlier today.
    | Nov. 12, 2014, 12:43 PM | Comment!
  • Dec. 26, 2012, 6:20 PM
    Matson (MATX) acquires the primary assets of Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand. The assets include four vessels and approximately 1,500 pieces of container equipment. The financial terms of the agreement were not disclosed and the closing of the transaction is expected to occur on or about year-end.
    | Dec. 26, 2012, 6:20 PM | Comment!
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Company Description
Matson Inc is a holding company, consisting of two segments, ocean transportation and logistics. The Company also provides container stevedoring, container equipment maintenance and other terminal services for MatNav and other ocean carriers.
Sector: Services
Industry: Shipping
Country: United States