Core Viewpoint - Alexander & Baldwin, Inc. is transitioning from a public to a private company through a merger agreement, highlighting the value of its commercial real estate assets in Hawai'i [3][5]. Company Overview - ALEX is a significant player in Hawai'i's commercial real estate sector, owning and operating approximately 4 million square feet of commercial space, including 21 retail centers, making it the largest owner in the region [1]. Stock Performance - As of December 10, 2025, ALEX's stock was priced at $20.88, showing a minor difference of -0.14% from the price target of $20.85 set by Industrial Alliance Securities [2]. - The stock has fluctuated between $20.85 and $20.94 on the day, with a market capitalization of about $1.52 billion and a trading volume of 1,650,903 shares [4]. Merger Details - The Investor Group, which includes MW Group, Blackstone Real Estate, and DivcoWest, will acquire all outstanding ALEX shares for $21.20 each in an all-cash deal, valuing the enterprise at approximately $2.3 billion, including debt [3].