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Stock Market & Financial Investment News

News Breaks
December 26, 2012
17:40 EDTMATXMatson acquires assets of Reef Shipping in South Pacific, terms not disclosed
Matson announced that it has signed a definitive agreement to acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand. The assets to be acquired include four vessels and approximately 1,500 pieces of container equipment. The financial terms of the agreement were not disclosed and the closing of the transaction is expected to occur on or about year-end.
News For MATX From The Last 14 Days
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October 8, 2015
07:24 EDTMATXMatson analyst day lends confidence to Q3 upside potential, says Stephens
After attending Matson's analyst day meeting, Stephens analyst Jack Atkins said he came away more convinced that the company is positioned to outperform expectations in Q3. Matson remains the firm's Best Idea, given its dominant market position, its substantial free cash flow generation and the "significant hidden earnings power" in its model, said Atkins, who reiterates his Overweight rating and $51 price target on the stock.
October 1, 2015
11:01 EDTMATXMatson begins production of Aloha Class ships for Hawaii
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