Alexander & Baldwin to be Acquired for $21.20 Per Share, 40% Premium
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 08 2025
0mins
Source: PRnewswire
- Merger Agreement Reached: Alexander & Baldwin has announced a definitive merger agreement with MW Group and Blackstone, acquiring all outstanding shares at $21.20 per share in cash, representing an enterprise value of approximately $2.3 billion, marking the transition to a private company and enhancing its market position in Hawaii.
- Shareholder Value Enhancement: This transaction provides shareholders with a 40% cash premium, significantly boosting immediate returns while also allowing the company greater flexibility and resources to better serve the communities in Hawaii moving forward.
- Strategic Investment Context: The merger agreement was unanimously approved by the Board of Directors and is expected to close in the first quarter of 2026, enabling A&B to focus on its core business and further solidify its leadership in Hawaii's commercial real estate sector.
- Dividend Announcement: A&B has declared a fourth-quarter 2025 dividend of $0.35 per share, payable on January 8, 2026, to shareholders of record, demonstrating the company's commitment to shareholder value even as the dividend will be adjusted post-merger.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ALEX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ALEX
Wall Street analysts forecast ALEX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALEX is 20.95 USD with a low forecast of 20.85 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 20.740
Low
20.85
Averages
20.95
High
21.00
Current: 20.740
Low
20.85
Averages
20.95
High
21.00
About ALEX
Alexander & Baldwin, Inc. is a real estate investment trust (REIT). The Company is focused on owning, operating, and developing commercial real estate. The Company operates through two segments: Commercial Real Estate and Land Operations. The Commercial Real Estate segment functions as a vertically integrated real estate investment company with competencies in investments and acquisitions, including identifying opportunities and acquiring properties; construction and development, including designing and ground-up development of new properties, and in-house leasing and property management. The Land Operations segment includes the Company's landholdings, joint venture investments, and liabilities that are subject to the Company's simplification and monetization effort. It owns, operates, and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets and four office properties, as well as 146 acres of ground leases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Investigation into Alexander & Baldwin Sale to MW Group
- Investigation Launched: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating the proposed sale of Alexander & Baldwin to MW Group and Blackstone-affiliated funds to assess the fairness of the transaction.
- Shareholder Return Analysis: Under the deal terms, Alexander shareholders are set to receive $21.20 per share, with KSF reviewing whether this price undervalues the company, potentially impacting shareholder interests.
- Legal Rights Consultation: KSF offers no-obligation legal consultations, encouraging shareholders to discuss the fairness of the transaction, demonstrating the firm's commitment to protecting shareholder rights and providing legal support.
- Public Engagement Channels: KSF provides various contact methods, including email and phone, to facilitate shareholder inquiries and enhance transparency while promoting shareholder engagement in the process.
Continue Reading
Investor Rights Investigation: Multiple Company Transactions
- Investigation Background: Halper Sadeh LLC is investigating Sealed Air Corporation (NYSE:SEE) regarding its sale to CD&R-affiliated funds at $42.15 per share, which may involve potential violations of federal securities laws.
- First Foundation Transaction: First Foundation Inc. (NYSE:FFWM) is being sold to FirstSun Capital Bancorp for 0.16083 shares of FirstSun common stock per share of First Foundation, raising concerns about breaches of fiduciary duties to shareholders.
- Alexander & Baldwin Sale: Alexander & Baldwin, Inc. (NYSE:ALEX) is selling to MW Group and funds affiliated with Blackstone Real Estate and DivcoWest for $21.20 per share in cash, with Halper Sadeh LLC potentially seeking increased consideration for shareholders.
- Legal Support Offered: Halper Sadeh LLC offers free legal consultations without upfront fees, encouraging shareholders to reach out to discuss their rights and options, aiming to provide relief and benefits to defrauded investors.
Continue Reading