Fidelity Investments Increases Stakes in Matson and Kirby by $80.6M

Deal Summary

Fidelity Investments increased its holdings in container‑ship operator Matson and tank‑barge company Kirby by about $80.6 million, raising its stake in both publicly listed Jones Act‑protected firms. The stake increase comes as share prices for both companies hit record highs, reflecting Fidelity’s confidence in the maritime sector.