Alexander & Baldwin Inc. Finalizes Agreement to Terminate Deal with Mahi Pono, Transfers Assets and Schedules Payments

Reuters

06-21

Alexander & Baldwin Inc. Finalizes Agreement to Terminate Deal with Mahi Pono, Transfers Assets and Schedules Payments

Alexander & Baldwin, Inc. (A&B) has announced a significant update regarding its contractual obligations with Mahi Pono Holdings, LLC. On June 17, 2025, A&B entered into a Termination Agreement with Mahi Pono to conclude the remaining rights and obligations under their previous Purchase and Sale Agreement from December 2018. As part of this new agreement, A&B will transfer its 50% ownership interest in East Maui Irrigation Company, LLC and forego a $2.7 million payment. Additionally, A&B has agreed to pay $55.3 million to Mahi Pono in a series of installments over four years, starting with an initial $10.0 million payment upon signing the agreement. This development marks a significant step in resolving outstanding financial commitments between the two entities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alexander & Baldwin Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001545654-25-000019), on June 20, 2025, and is solely responsible for the information contained therein.

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Finalizes Agreement to Terminate Deal with Mahi Pono, Transfers Assets and Schedules Payments\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-21 05:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Alexander &amp; Baldwin Inc. Finalizes Agreement to Terminate Deal with Mahi Pono, Transfers Assets and Schedules Payments\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Alexander &amp; Baldwin, Inc. 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