Matson, Inc.NYSE
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  • Mon, Jul. 18, 4:49 PM
    • Matson (NYSE:MATX) agrees to acquire Span Alaska, a provider of LCL freight consolidation and forwarding services to Alaska, for ~$197M.
    • MATX expects the deal to be immediately accretive to earnings, providing annual EPS accretion of $0.10-$0.12.
    • MATX also says it plans to issue $200M of 15-year senior unsecured notes to pay down its revolving credit facility and for general corporate purposes.
    | Mon, Jul. 18, 4:49 PM | 1 Comment
  • 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
  • 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