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Shipping M&A image Shipping M&A » By The Online Investor Staff, updated Sun., Sep. 26, 8:56 PM Recent mergers and acquisitions in the Shipping M&A category.

Slide #8. Matson, Inc. Assets of Reef Shipping

Acquirer: Matson, Inc. (NYSE:MATX)
Acquiree: Assets of Reef Shipping
Details: Matson, Inc., a leading U.S. carrier in the Pacific, announced today that it has signed a definitive agreement to acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand that has been in business since 1968. The assets to be acquired 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.

Matson is a holding company. Through its subsidiaries, Co. provides ocean transportation and logistics services. Co.'s Ocean Transportation business is conducted through its subsidiary, Matson Navigation Company, Inc., which provides a lifeline of ocean freight transportation services to the non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia and operates expedited services from China to Long Beach, CA, and provides services to Okinawa, Japan and various islands in the South Pacific. Co.'s Logistics business is conducted through its subsidiary, Matson Logistics, Inc., an asset-light business that provides logistics services to its customers.

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Company Name: 
Matson Inc
Stock buyback: 
MATX buyback
Website: 
www.matson.com
Sector: 
Shipping
Number of ETFs Holding MATX: 
60
Total Market Value Held by ETFs: 
$816.36M
Total Market Capitalization: 
$3.52B
% of Market Cap. Held by ETFs: 
23.16%
 

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Buy (3.00 out of 4)
18th percentile
(ranked lower than approx. 82% of all stocks covered)

Analysts' Target Price:
MATX Stock Forecast

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