Press Releases

Here's you'll find recent press releases for our company.

Horizon Lines Announces Settlement of Merger Litigation and Amendment to Merger Agreement

February 13, 2015

Horizon Lines, Inc. today announced it has reached an agreement in principle providing for the settlement and dismissal, with prejudice, of the consolidated putative class action complaint pending in the Delaware Court of Chancery in connection with Horizon's proposed merger with Matson Navigation, Inc., a subsidiary of Matson, Inc. Read More

Horizon Lines Secures Emissions Control Permit

January 09, 2015

Horizon Lines, Inc. 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. Further, Horizon has entered into a supply agreement with Alfa Laval Aalborg Nijmegen BV for design and procurement of the PureSox 2.0 EGCS for the three Horizon D7-class vessels which operate in the Alaska trade. Read More

Horizon Lines Terminating Puerto Rico Operations

November 11, 2014

Horizon Lines, Inc. 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. Read More

Horizon Lines To Be Acquired By Matson For $0.72 Per Share In Cash

November 11, 2014

Matson to acquire all outstanding shares of Horizon Lines immediately after Pasha acquires Horizon's Hawaii trade lane business. Horizon Lines' net debt, which will be reduced with proceeds of approximately $141.5M from the Pasha transaction, will be repaid by Matson at closing. Acquisition represents an 89% premium to Horizon Lines' stock price. Read More

Matson To Acquire Horizon Lines Alaska Operations

November 11, 2014

Transaction value of $0.72 Per Common Share Plus Repayment of Debt
Acquisition Accretive to Matson's Earnings and Cash Flow
Separately Horizon to Sell Hawaii Operations to Pasha and Terminate Puerto Rico Operations
Matson Investor Conference Call Today at 5:00 PM Eastern Time
Read More

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