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Published on 9/15/2008 in the Prospect News Special Situations Daily.

Breeden reports 6.44% ownership interest in Alexander & Baldwin

By Lisa Kerner

Charlotte, N.C., Sept. 15 - A group of Alexander & Baldwin, Inc. investors led by Breeden Capital Management LLC bought 661,066 shares of the company's stock between Sept. 3 and Sept. 10 at prices from $43.32 to $44.42 each.

Breeden and its affiliates beneficially own 2,662,838 shares, or 6.44%, of the Honolulu-based company.

Alexander & Baldwin's business includes transportation, real estate and agribusiness industries primarily in Hawaii.


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