The Online Investor
Transportation M&A image Transportation M&A » By The Online Investor Staff, updated Sun., Apr. 11, 9:41 PM Recent mergers and acquisitions in the Transportation M&A category.

Slide #63. 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 engaged in the provision of ocean transportation and logistics services. Co.'s Ocean transportation segment business is conducted through Matson Navigation Company, Inc., which provides a lifeline of ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia and operates an expedited service 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 Matson Logistics, Inc., an asset-light business that provides a variety of logistics services to its customers.

MATX SEC Filing Email Alerts Service


Open the MATX Page at The Online Investor »

Company Name: 
Matson Inc
Stock buyback: 
MATX buyback
Website: 
www.matson.com
Sector: 
Shipping
Number of ETFs Holding MATX: 
56
Total Market Value Held by ETFs: 
$784.12M
Total Market Capitalization: 
$3.09B
% of Market Cap. Held by ETFs: 
25.34%
 

Open the MATX Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Strong Buy (4.00 out of 4)
86th percentile
(ranked higher than approx. 86% of all stocks covered)

Analysts' Target Price:
MATX Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Transportation M&A - Slide 63 of 82 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.