M&A
confidence high
sentiment neutral
materiality 0.35
Alaska Air extends DOJ review period for Hawaiian merger to August 15, 2024
ALASKA AIR GROUP, INC.
- On July 29, 2024, Alaska and Hawaiian agreed with DOJ to extend the review period to August 15, 2024.
- Previous review period was set to expire August 5, 2024, under the March 27 timing agreement.
- Substantial compliance with DOJ Second Request was certified on May 7, 2024, triggering the 90-day review.
- Merger agreement signed December 2, 2023; Hawaiian would become a wholly owned subsidiary of Alaska.
- DOJ antitrust investigation remains ongoing; merger cannot close before review period ends unless DOJ clears.