Tropic Purchaser LLC /
Alexander & Baldwin, Inc.
Alexander & Baldwin goes private in $2.3 billion deal
Source for the buyer and target: Alexander & Baldwin Holdings, LLC
For the buyer and target.
“This Current Report on Form 8-K is being filed in connection with the completion on March 12, 2026 of the transactions contemplated by that certain Agreement and Plan of Merger, dated as of December 8, 2025 (the “Merger Agreement”), by and among Alexander & Baldwin, Inc., a Hawaii corporation (the “Company”), Tropic Purchaser LLC, a Delaware limited liability company (“Parent”), and Tropic Merger Sub LLC, a Hawaii limited liability company and wholly owned subsidiary of Parent (“Merger Sub”).”
Published 17 Mar 2026
Open the sourceWhat happened
Tropic Purchaser LLC, a joint venture of MW Group and funds tied to Blackstone Real Estate and DivcoWest, completed its acquisition of Hawaii commercial real estate owner Alexander & Baldwin. Shareholders were paid $20.85 per share in cash, net of a $0.35 January dividend. [01]
The merger closed on March 12, 2026, and Alexander & Baldwin's common stock stopped trading on the New York Stock Exchange. [01]
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Alexander & Baldwin goes private in $2.3 billion deal
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Closed
“The merger closed on March 12, 2026, and Alexander & Baldwin's common stock stopped trading on the New York Stock Exchange”
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