$2.3 Billion Take-Private Deal! Commercial Real Estate Firm Alexander & Baldwin (ALEX.US) Acquired by Consortium, Shares Surge After Hours

Stock News12-09

Commercial real estate company Alexander & Baldwin (ALEX.US) will be acquired by a joint venture of MW Group, Blackstone Real Estate, and DivcoWest in an all-cash deal at $21.20 per share, valuing the company (including debt) at approximately $2.3 billion. The offer represents a 40% premium to Alexander & Baldwin's closing price on Monday. Following the announcement, the stock surged over 37% in after-hours trading.

Upon completion of the transaction, Alexander & Baldwin will become a privately held company and delist from the New York Stock Exchange. The merger has received unanimous approval from the company's board and is expected to close in Q1 2026. The firm will retain its name, brand, and Honolulu headquarters, continuing to be led by its Hawaii-based team.

The investor consortium plans to inject over $100 million into the company's real estate portfolio to enhance its community-serving assets.

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