$2.3B All-Cash Deal Takes Alexander & Baldwin Private, Shares Delisted from NYSE
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Alexander & Baldwin has officially completed its going-private transaction, with shareholders approving the $2.3 billion all-cash deal. The company's shares have ceased trading on the New York Stock Exchange, marking its transition from a public entity. This finalizes the merger agreement, which shareholders approved on March 9th, as indicated by a recent 8-K filing. The transaction, initially disclosed in December, saw shareholders receive a net payment of $20.85 per share. This event is the definitive conclusion of a major corporate action, removing ALEX from public markets.
At the time of this announcement, ALEX was trading at $20.84 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $15.07 to $21.03. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.