---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-119462"
form_type: "8-K"
ticker: null
cik: "0001545654"
company_name: "Alexander & Baldwin, Inc."
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:47:35.558238+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Alexander & Baldwin to be acquired by Blackstone-led group for $21.20/share cash

## Summary
- Merger consideration $21.20 per share in cash; board unanimously approved.
- Transaction expected to close in Q1 2026, subject to shareholder approval and customary conditions.
- New owners plan to invest over $100M in portfolio; A&B retains name and Honolulu headquarters.
- Company declares $0.35 Q4 2025 dividend payable Jan 8, 2026; merger consideration adjusted downward.
- Termination fee $50.5M from A&B; reverse termination fee $155.3M from buyer group.

## SEC filing metadata
- accession: 0001104659-25-119462
- form_type: 8-K
- cik: 0001545654
- company_name: Alexander & Baldwin, Inc.
- filed_at: 2025-12-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1545654/000110465925119462/0001104659-25-119462-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1545654/000110465925119462/tm2532987d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-119462
- JSON: https://secwatch.observer/filing/0001104659-25-119462.json
- Plain text: https://secwatch.observer/filing/0001104659-25-119462.txt

## Key facts
- Material Agreements
  Alexander & Baldwin, Inc. entered into Agreement and Plan of Merger with Tropic Purchaser LLC and Tropic Merger Sub LLC valued at $21.20 per share cash consideration (effective 2025-12-08).
  - Action: entry
  - Agreement: merger
  - Counterparty: Tropic Purchaser LLC and Tropic Merger Sub LLC
  - Value: $21.20 per share cash consideration
  - Effective: 2025-12-08
  source text: On December 8, 2025, 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 " and, together with Parent, the " Parent Parties "), entered into an Agreement and Plan of Merger (the " Merger Agreement ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1545654/000110465925119462/0001104659-25-119462-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.