Tag Archives: Matson

Keeping Up With The Jones Act- OSG To Complete International Seaways Spinoff On November 30

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Overseas Shipholding Group(OSG) is in the process of spinning off its International Flag business, International Seaways. On November 30, OSG shareholders will receive 0.3333 shares of International Seaways common stock for each share of OSG held on November 18. In addition, holders of OSG warrants will receive approximately .06332  shares per warrant held. International Seaways, which is already trading… Read More »

The Year In Spinoffs – 2012 Best And Worst

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Another year has come and gone which means that we have all been inundated with a million ‘Look Back’ and ‘Best Of/Worst Of’ pieces for the past few weeks. I always found this to be an interesting and immensely boring phenomenon as we just lived through it. Should be pretty fresh in our memories. We are nothing but… Read More »

Aloha Matson! Alexander & Baldwin Spinoff Coming Soon

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What is your dream job? A lot of great options to choose from, but personally I have always imagined being a member of a company’s board of directors to be a pretty cushy gig. Jet around, fancy dinners, high salaries and all for a few meetings per year that you can apparently skip if you are Leon Black.… Read More »

Matson To Sail Free From Alexander & Baldwin

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Alexander & Baldwin(ALEX) announced plans this morningto spin off Matson, its ocean transportation and domestic logistics company.  Alexander & Baldwin, which has owned Matson since 1969, is the 4th largest private landowner in Hawaii, where it owns 88,000 acres.  A & B is the largest farmer in the state, a developer of condos and other projects, and owns… Read More »