ALASKA AIR GROUP, INC. (ALK): M&A transaction — Alaska Air completes $1.0B acquisition of Hawaiian Holdings; HA stockholders receive $18/share

ALASKA AIR GROUP, INC.

Alaska Air Group closed its acquisition of Hawaiian Holdings for ~$1.0B cash; each HA share converted to $18.00.
Combined airline serves 141 destinations with 350 aircraft; Honolulu becomes Alaska's second largest hub.
Run-rate synergies expected to exceed $235M; high single-digit EPS accretion within 2 years and mid-teens ROIC by year 3.
Hawaiian Airlines' stock (HA) to be delisted from Nasdaq; combined entity trades as ALK on NYSE.
Mileage Plan and HawaiianMiles members can transfer miles 1:1 free starting soon; unified loyalty program expected mid-2025.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ALASKA AIR GROUP, INC. completed an acquisition involving Hawaiian Holdings, Inc. for $18.00 per Share (closed 2024-09-18).

Action: acquisition
Counterparty: Hawaiian Holdings, Inc.
Consideration: $18.00 per Share
Closing: 2024-09-18

Exact text from the filing

On September 18, 2024, pursuant to the Merger Agreement, Merger Sub merged with and into Hawaiian (the "Merger"), with Hawaiian surviving as a wholly owned subsidiary of Alaska.

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ALASKA AIR GROUP, INC. filing history →

Source: SEC EDGAR

accession 0000766421-24-000062

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