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Hawaiian Electric Industries Closes Sale of American Savings Bank
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Hawaiian Electric Industries Closes Sale of American Savings Bank
Dec 31, 2024 11:39 AM

02:00 PM EST, 12/31/2024 (MT Newswires) -- Hawaiian Electric Industries ( HE ) said Tuesday it has closed the sale of 90.1% of the common stock of American Savings Bank to independent investors for a total cash consideration of $405 million.

The deal values the bank at $450 million, Hawaiian Electric said.

Price: 9.77, Change: +0.03, Percent Change: +0.31

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