Tranche Update on Matson, Inc.'s Equity Buyback Plan announced on June 24, 2021.
January 19, 2023 at 02:41 am IST
Share
From October 1, 2022 to December 31, 2022, the company has repurchased 1,526,361 shares, representing 3.99% for $101.85 million. With this, the company has completed the repurchase of 7,466,629 shares, representing 18.4% for $596.97 million under the buyback announced on June 24, 2021.
Matson, Inc. is a holding company that provides ocean transportation and logistics services. The Company's segments include Ocean Transportation and Logistics. The Ocean Transportation business is conducted through Matson Navigation Company, Inc. (MatNav), which provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia. MatNav also operates premium, expedited services from China to Long Beach, California, provides services to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Dutch Harbor, Alaska to Asia. The logistics business is conducted through Matson Logistics, Inc. (Matson Logistics), a wholly owned subsidiary of MatNav. Matson Logistics provides a variety of logistics services to its customers, such as transportation brokerage services, freight forwarding services, and others.
MATSON, INC. 
