other material
confidence high
sentiment neutral
materiality 0.55
Alaska Air, Hawaiian enter DOJ timing agreement, extend merger review period by 90 days
ALASKA AIR GROUP, INC.
- Parties agreed not to close merger until 90 days after certifying substantial compliance with DOJ's Second Request, unless DOJ ends investigation earlier.
- DOJ issued Second Request on Feb 7, 2024, extending HSR waiting period till compliance plus 30 days.
- Alaska and Hawaiian continue cooperating with DOJ; merger still subject to other regulatory approvals.
- Merger Agreement was announced Dec 2, 2023; the transaction is valued at approximately $1.9B.