What is the acquisition price for Alexander & Baldwin?

Alexander & Baldwin is being acquired for approximately $2.3 billion in an all-cash transaction.

Who is acquiring Hawaii's Alexander & Baldwin?

A joint venture of MW Group, Blackstone Real Estate, and DivcoWest is acquiring Alexander & Baldwin.

When is the Alexander & Baldwin acquisition expected to close?

The transaction is expected to close in the first quarter of 2026.

Home / Business and Economy / Hawaii Real Estate Giant A&B Sells for $2.3B

Hawaii Real Estate Giant A&B Sells for $2.3B

9 Dec

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Summary

Alexander & Baldwin stock surged 37% on acquisition news.
Company to be taken private for $21.20 per share, a 40% premium.
Purchasers plan over $100 million in property enhancements.

Hawaii Real Estate Giant A&B Sells for $2.3B

Alexander & Baldwin Holdings Inc. (NYSE:ALEX) stock experienced a significant surge of 37% in after-hours trading on Monday. This follows the announcement of its acquisition by a joint venture comprising MW Group, Blackstone Real Estate, and DivcoWest in an all-cash deal valued at roughly $2.3 billion, including debt.

The Hawaii-based commercial real estate firm will transition to private ownership at $21.20 per share, a substantial 40% premium above its December 8 closing price. The transaction, which has received unanimous board approval, is anticipated to finalize in the first quarter of 2026, pending shareholder consent and standard closing conditions.

This acquisition will see the investor group inject over $100 million into A&B's properties, aiming to bolster their community standing. A&B will retain its name, brand, and Honolulu headquarters, continuing operations with its existing Hawaii-based leadership team.