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Wednesday, November 20, 2013

BRIEF-A&b to acquire the Hawaii commercial portfolio of Kaneohe Ranch and Harold KL Castle Foundation for $373 mln, (NYSE: ALEX)

Alexander & Baldwin Inc : * A&b to acquire the Hawaii commercial portfolio of kaneohe ranch and harold k.l. castle foundation * Says deal for $373 million * Intends to fund over 70% of the purchase price with proceeds from the sale of

Alexander & Baldwin, Inc. (A&B), incorporated in 1900, is a real estate and agriculture company with interests in real estate development, commercial real estate and agriculture. Shares of ALEX traded higher by 1.34% or $0.5/share to $37.81. In the past year, the shares have traded as low as $27.94 and as high as $46.23. On average, 163863 shares of ALEX exchange hands on a given day and today's volume is recorded at 310236.