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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Mon., Mar. 18, 11:24 PM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #56. Alexander & Baldwin, Inc. Grace Pacific Corporation

Acquirer: Alexander & Baldwin, Inc. (NYSE:ALEX)
Acquiree: Grace Pacific Corporation
Details: Alexander & Baldwin, Inc. (NYSE:ALEX) ("A&B" or "Company") and Grace Pacific Corporation ("Grace") today announced that they have entered into a definitive merger agreement for A&B to acquire the privately held Grace for a combination of stock and cash valued at $235 million. A&B also will be assuming projected net debt of approximately $42 million at closing. Grace is the State's preeminent infrastructure company, providing aggregate, hot mix asphalt and road construction and paving services. Grace was founded in Hawaii in 1931, and its operations are based exclusively in Hawaii.

Alexander & Baldwin is a real estate investment trust. Co. operates three segments: Commercial Real Estate, which functions as a vertically integrated commercial real estate company in investments and acquisitions, construction and development, and in-house leasing and property management; Land Operations, which includes Co.'s assets and landholdings that are subject to Co.'s simplification and monetization effort; and Materials and Construction, which operates as an asphalt paving contractor and is a natural materials and infrastructure construction company, mainly conducting business through its wholly-owned subsidiary, Grace Pacific LLC, a materials and construction company in Hawai‘i.

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Company Name: 
Alexander & Baldwin Inc (REIT)
Website: 
www.alexanderbaldwin.com
Sector: 
REITs
Number of ETFs Holding ALEX: 
48
Total Market Value Held by ETFs: 
$330.63M
Total Market Capitalization: 
$1.16B
% of Market Cap. Held by ETFs: 
28.60%
 

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Buy (2.67 out of 4)
13rd percentile
(ranked lower than approx. 87% of all stocks covered)

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