Matson will become a separate publically traded company under a plan approved earlier this month by its parent company, Alexander & Baldwin.
A&B plans to divide itself into two publically traded companies. One, named Matson, will include Matson Navigation and Matson Logistics, and the other, named A&B, will include the company’s real estate and agricultural interests.
Upon completion of the transaction, both companies are expected to be listed on the New York Stock Exchange.