SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
AUGUST 5, 1998
ALEXANDER & BALDWIN, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
HAWAII 0-565 99-0032630
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(STATE OR OTHER (COMMISSION (I.R.S. EMPLOYER
JURISDICTION OF FILE NUMBER) IDENTIFICATION NO.)
INCORPORATION)
822 BISHOP STREET, P. O. BOX 3440
HONOLULU, HAWAII 96801
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE AND ZIP CODE)
(808) 525-6611
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
ITEM 5. OTHER EVENTS
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California and Hawaiian Sugar Company, Inc. ("C&H"), A&B-Hawaii, Inc.,
and McBryde Sugar Company, Limited, all wholly owned direct or indirect subsi-
diaries of Alexander & Baldwin, Inc. (the "Company"), have entered into
definitive agreements, dated as of August 5, 1998, which provide for a
recapitalization of C&H involving the participation of an investor group that
includes Citicorp Venture Capital, Ltd. In the transaction, the Company,
through its subsidiaries, will receive a combination of cash, preferred stock
and common stock in a new, recapitalized entity, and will sell a majority of
its equity in the new entity to the investor group.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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10. Material contracts.
10.b.1.(xxxix) Asset Purchase Agreement, dated as of August 5, 1998,
by and among California and Hawaiian Sugar Company, Inc., A&B-Hawaii,
Inc., McBryde Sugar Company, Limited and Sugar Acquisition
Corporation (without exhibits or schedules).
10.b.1.(xl) Stock Sale Agreement, dated as of August 5, 1998, by and
between California and Hawaiian Sugar Company, Inc. and Citicorp
Venture Capital, Ltd. (without exhibits).
99. Press Release issued August 10, 1998.
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
Date: August 25, 1998
ALEXANDER & BALDWIN, INC.
By /s/ Michael J. Marks
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Michael J. Marks
Vice President, General Counsel
and Secretary
EXHIBIT INDEX
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10.b.1.(xxxix) Asset Purchase Agreement, dated as of August 5, 1998, by
and among California and Hawaiian Sugar Company, Inc., A&B-Hawaii, Inc.,
McBryde Sugar Company, Limited and Sugar Acquisition Corporation (without
exhibits or schedules).
10.b.1.(xl) Stock Sale Agreement, dated as of August 5, 1998, by and
between California and Hawaiian Sugar Company, Inc. and Citicorp Venture
Capital, Ltd. (without exhibits).
99. Press Release issued August 10, 1998.