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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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November 25, 2014
17:02 EDTMATXMatson Navigation to raise service rates by $225 per container
Matson announced that Matson Navigation Company will raise its rates for the company's Guam/Commonwealth of the Northern Marianas Islands, or CNMI, and Micronesia services by $225 for both westbound and eastbound containers, effective January 25, 2015. The increase will be filed with the Surface Transportation Board and the Federal Maritime Commission. The rate increase also applies to the Commonwealth of the Northern Marianas Islands, the Republic of Palau, the Federated States of Micronesia and the Republic of the Marshall Islands. There will be no adjustment made to the company's terminal handling charge.
November 13, 2014
08:05 EDTMATXMatson price target raised to $40 from $33 at Oppenheimer
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