Castle A Cooke Inc.: Public Utilities Commission

Neil Abercrombie Dept: The land's owner, Castle a Cooke Inc., has filed a transfer application with the state's public utilities commission, Abercrombie said Wednesday, according to CBC. Lawyers for the seller redacted a copy of the sale agreement signed May 2, saying it includes confidential information that would competitively hurt Ellison and the seller if disclosed. The Maui News previously reported the asking price was between $500 million and $600 million and oracle Corp. CEO Larry Ellison has reached a deal to buy 98 per cent of the island of Lanai from its current owner, Hawaii Gov. Neil Abercrombie says. The sale price for the property forming the vast majority of the island's roughly 365 square kilometres was not immediately clear. The Maui News previously reported the asking price was between $500 million and $600 million US. (www.immigrantscanada.com). As reported in the news.