On the heels of news that Horizon Lines may sell its Puerto Rican trade lines to Crowley, analysts say that the company may be prompted to sell its Alaska lines to Matson.
Analysts at Stifel Nicolaus say the sale could come as a necessity if Horizon sells part of its business to Crowley.
“Taking out one of the three legs could cause the stool to fall, potentially necessitating the sale of all three businesses,” Stifel Nicolaus said in its research note, according to an article in the Journal of Commerce.