A&B Holdings (ALEX) Completes Separation into Matson (MATX) and Alexander & Baldwin; Matson Declares Dividend
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Matson, Inc. (NYSE: MATX), a premier ocean transportation and logistics company, announced today that the separation of Alexander & Baldwin Holdings, Inc. (NYSE: ALEX) into Matson, Inc. and Alexander & Baldwin, Inc. has been completed and that Alexander & Baldwin Holdings, Inc. has changed its name to Matson, Inc.
It will begin trading on the New York Stock Exchange (NYSE) today under the ticker symbol "MATX."
The distribution was completed on June 29, 2012 at 4:00 p.m., Eastern Daylight Time. Under the terms of the distribution, Alexander & Baldwin Holdings, Inc. shareholders as of 5:00 p.m., Eastern Daylight Time, as of the record date of June 18, 2012, received one share of common stock of Alexander & Baldwin, Inc. for every share of Alexander & Baldwin Holdings, Inc.
Matson also announced that its Board of Directors declared a third quarter 2012 dividend of $0.15 per common share.
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It will begin trading on the New York Stock Exchange (NYSE) today under the ticker symbol "MATX."
The distribution was completed on June 29, 2012 at 4:00 p.m., Eastern Daylight Time. Under the terms of the distribution, Alexander & Baldwin Holdings, Inc. shareholders as of 5:00 p.m., Eastern Daylight Time, as of the record date of June 18, 2012, received one share of common stock of Alexander & Baldwin, Inc. for every share of Alexander & Baldwin Holdings, Inc.
Matson also announced that its Board of Directors declared a third quarter 2012 dividend of $0.15 per common share.
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