Horizon Lines (HRZL) 0.7190 $HRZL Matson Completes

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Aug 13, 2016 at 9:03 PM

Horizon Lines (HRZL) 0.7190 $HRZL

Matson Completes Alaska Acquisition For $469 Million
PR Newswire - Fri May 29, 1:04PM CDT
Matson, Inc. (NYSE: MATX) today announced that it has completed its previously announced acquisition of Horizon Lines, Inc. (OTCQB: HRZL) which includes Horizon's Alaska operations and the assumption of all non-Hawaii business liabilities (the "Transaction"

. Separately and immediately preceding the completion of the Transaction, Horizon completed the sale of its Hawaii trade lane assets and liabilities to The Pasha Group for $141.5 million.
MATX: 36.55 (+0.43)

Horizon Lines Reports First-Quarter 2015 Financial Results
PR Newswire - Fri May 01, 3:01PM CDT
Horizon Lines, Inc. (OTCQB: HRZL) today reported financial results for the fiscal first quarter ended March 22, 2015.

Acquisition of Horizon Lines' Hawaii Business Cleared by DOJ
PR Newswire - Thu Apr 23, 2:15PM CDT
Horizon Lines, Inc. (OTCQB: HRZL) today reported that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The Pasha Group has been granted early termination of the premerger waiting period. This grant was effective April 21, 2015. Subject to the satisfaction of any remaining conditions to closing, Horizon expects the closing of the transaction to occur before the end of the company's second quarter.

Horizon Lines Sells Puerto Rico Terminal Assets And Assigns Lease To Luis Ayala Colon
PR Newswire - Wed Mar 11, 4:15PM CDT
Horizon Lines, Inc. (OTCQB: HRZL) ("Horizon Lines"

today announced that it entered into and executed an Asset Purchase Agreement ("Agreement"

with Luis Ayala Colon Sucrs. selling certain San Juan, Puerto Rico container terminal assets and assigning its lease with the Puerto Rico Ports Authority effective today, March 11, 2015.

Horizon Lines Secures Emissions Control Permit
PR Newswire - Fri Jan 09, 3:01PM CST
Horizon Lines, Inc. (OTCQB: HRZL) ("Horizon"

today announced it has received a permit providing a conditional waiver from the North American Emissions Control Area (ECA) fuel sulfur content requirements of MARPOL Annex VI regulation 14.4. The permit is in force while Horizon pursues installation of Exhaust Gas Cleaning System (EGCS) on each of its three (3) D7-class vessels which operate in the Alaska trade. The permit was issued by the United States Coast Guard (USCG) and the U.S. Environmental Protection Agency (EPA) and became effective in 2015. The permit will allow these Horizon vessels to use low-sulfur heavy fuel oil in their main engines while operating between Washington state and Alaska, subject to compliance with other terms and restrictions of the permit. Horizon is committed to operating its vessels and terminals in accordance with all environmental regulations, and continuing to serve its customers in the most efficient and reliable means possible.

HRZL SHAREHOLDER ALERT: The Law Offices of Vincent Wong Launches Investigation of the Board of Directors of Horizon Lines, Inc. in Connection With the Fairness of the Sale of the Company to Matson, Inc. - HRZL
BusinessWire - Wed Nov 19, 1:18PM CST
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Horizon Lines, Inc. (OTC: HRZL) ("Horizon Lines"

in connection with the sale of the Company to Matson, Inc. (NYSE: MATX).
MATX: 36.55 (+0.43)

HORIZON LINES, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Horizon Lines, Inc. Over the Proposed Sale of the Company to Matson, Inc. - HRZL
PR Newswire - Fri Nov 14, 8:00PM CST
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Horizon Lines, Inc. ("Horizon" or the "Company"

(OTC: HRZL) for potential breaches of fiduciary duties in connection with the sale of the Company to Matson, Inc. The Company's stockholders will only receive $0.72 for each share of Horizon common stock they own.
MATX: 36.55 (+0.43)

Harwood Feffer LLP Announces Investigation of Horizon Lines, Inc.
PR Newswire - Thu Nov 13, 6:50PM CST
Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Horizon Lines, Inc. ("Horizon" or the "Company"

(OTC: HRZL) concerning the proposed acquisition of the Company by Matson, Inc. ("Matson"

.

INVESTOR ALERT: Levi & Korsinsky, LLP Launches Investigation into the Board of Directors of Horizon Lines, Inc. Regarding the Fairness of the Sale of the Company to Matson, Inc.
BusinessWire - Wed Nov 12, 5:42PM CST
Levi & Korsinsky is investigating the Board of Directors of Horizon Lines, Inc. ("Horizon Lines" or "the Company"

(OTC:HRZL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Matson, Inc. (NYSE:MATX).
MATX: 36.55 (+0.43)

Wolf Popper LLP Investigates Claims That the Proposed Acquisition of Horizon Lines, Inc. May Not Be In the Best Interests of Its Investors
PR Newswire - Wed Nov 12, 3:04PM CST
Wolf Popper LLP is investigating claims on behalf of investors in Horizon Lines, Inc. (OTC: HRZL), concerning the proposed acquisition of Horizon by Matson, Inc. (NYSE: MATX). Horizon shareholders seeking more information about this acquisition are advised to contact Carl Stine at (212) 759-4600 or cstine@wolfpopper.com.
MATX: 36.55 (+0.43)

EQUITY ALERT: The Rosen Law Firm Announces Investigation of Horizon Lines, Inc. Concerning its Proposed Sale to Matson, Inc.
BusinessWire - Wed Nov 12, 10:52AM CST
The Rosen Law Firm announces that it is investigating the Board of Directors of Horizon Lines, Inc. (OTC:HRZL) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Horizon Lines to maximize shareholder value before agreeing to be acquired by Matson, Inc. (NYSE: MATX).
MATX: 36.55 (+0.43)

Hawaii shipping company buys Alaska business
By AUDREY McAVOY - AP - Tue Nov 11, 5:27PM CST
HONOLULU (AP) — The shipping company with the largest share of the Hawaii market said Tuesday it will buy the Alaska operations of its competitor.
MATX: 36.55 (+0.43)

Horizon Lines Terminating Puerto Rico Operations
PR Newswire - Tue Nov 11, 3:02PM CST
Horizon Lines, Inc. (OTCQB: HRZL) ("Horizon Lines" or the "Company"

today announced that it would cease providing liner service between the U.S. and Puerto Rico by the end of 2014 due to continuing losses without the prospect of future profitability.
MATX: 36.55 (+0.43)

Horizon Lines To Be Acquired By Matson For $0.72 Per Share In Cash
PR Newswire - Tue Nov 11, 3:01PM CST
Horizon Lines, Inc. (OTCQB: HRZL) ("Horizon"

today announced it has entered into definitive agreements with each of Matson Inc. (NYSE: MATX) ("Matson"

and The Pasha Group ("Pasha"

. Under the Matson agreement, Matson will acquire all outstanding shares of Horizon Lines for $0.72 per share in an all-cash transaction. The acquisition price represents a premium of approximately 89% over Horizon's closing stock price on November 10, 2014. The Matson agreement has been unanimously approved by Horizon's Board of Directors and Horizon shareholders representing 55% of the fully diluted equity, which also represents 41% of the outstanding voting common stock on November 11, 2014, have agreed to vote their shares in support of the transaction.
MATX: 36.55 (+0.43)

Matson To Acquire Horizon's Alaska Operations
PR Newswire - Tue Nov 11, 3:01PM CST
Matson, Inc. (NYSE: MATX) and Horizon Lines, Inc. (OTCQB: HRZL) today announced that they have entered into a definitive merger agreement pursuant to which Matson will acquire the stock of Horizon, which will include its Alaska operations and the assumption of all non-Hawaii business liabilities (the "Transaction"

. Separately, Horizon today also announced that it has agreed to sell its Hawaii operations to The Pasha Group for $141.5 million (the "Hawaii Business Sale"

and intends to shut down its Puerto Rico liner operations by the end of 2014.
MATX: 36.55 (+0.43)

Horizon Lines Reports Third-Quarter Financial Results
PR Newswire - Fri Oct 24, 8:18AM CDT
Horizon Lines, Inc. (OTCQB: HRZL) today reported financial results for the fiscal third quarter ended September 21, 2014.

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