Alexander & Baldwin Finalizes Going-Private Merger, Delists from NYSE

summarizeSummary

Alexander & Baldwin, Inc. has completed its going-private merger, converting all public shares to cash at $20.85 per share and delisting from the NYSE, marking its transition to a private entity.

check_boxKey Events

• Merger Completed, Company Goes Private

  Alexander & Baldwin, Inc. completed its merger on March 12, 2026, becoming Alexander & Baldwin Holdings, LLC, a private entity owned by a joint venture including MW Group, Blackstone Real Estate, and DivcoWest.

• Shareholders Receive Cash Consideration

  Each share of common stock was converted into the right to receive $20.85 per share in cash, without interest and less any applicable withholding taxes.

• Delisting from NYSE

  The company's common stock ceased trading on the New York Stock Exchange on March 12, 2026, and will be deregistered, terminating public reporting obligations.

• Significant Debt Repayment

  Approximately $25 million in AIG Notes and $205 million in PGIM Notes, totaling around $240 million in aggregate principal, were fully repaid on March 17, 2026, including accrued interest and make-whole amounts.

auto_awesomeAnalysis

This 8-K formally details the completion of the going-private transaction for Alexander & Baldwin, Inc., following shareholder approval on March 9, 2026, and prior announcements on March 12, 2026. The filing confirms the conversion of all public shares into cash at $20.85 per share, the delisting from the NYSE, and the termination of the company's public reporting obligations. Additionally, it discloses the repayment of approximately $240 million in outstanding debt and the resignation of the entire Board of Directors. This event definitively concludes Alexander & Baldwin, Inc.'s existence as a publicly traded company.