{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-287918","form_type":"8-K","ticker":"ALK","cik":"0000766421","company_name":"ALASKA AIR GROUP, INC.","filed_at":"2023-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.973773+00:00","generated_at":"2026-06-07T19:04:08.025274+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Alaska Air to acquire Hawaiian Airlines for $1.9B in all-cash deal at $18/share","bullets":["All-cash price of $18.00 per share; enterprise value ~$1.9B including $0.9B net debt.","Combined fleet of 365 aircraft; 138 destinations; access to 1,200+ via oneworld Alliance.","Expected run-rate synergies of at least $235M; accretive to Alaska earnings within two years post-close.","Conditions include Hawaiian shareholder vote, HSR, FAA, FCC, DOT approvals; outside date June 2, 2025 (extendable to Dec 2, 2025).","Alaska pays $100M termination fee if deal blocked; Hawaiian pays $39.55M if it backs out for a superior proposal."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-287918","json":"https://secwatch.observer/filing/0001193125-23-287918.json","markdown":"https://secwatch.observer/filing/0001193125-23-287918.md","text":"https://secwatch.observer/filing/0001193125-23-287918.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/766421/000119312523287918/0001193125-23-287918-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/766421/000119312523287918/d786276d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T19:04:08.025274+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a21d7861bb6de370a82cc6f2d7f87ec799a4f3b0","claim":"ALASKA AIR GROUP, INC. entered into Agreement and Plan of Merger with Hawaiian Holdings, Inc. and Marlin Acquisition Corp. valued at $18.00 per Share (effective 2023-12-02).","evidence_excerpt":"Entry into a Material Definitive Agreement On December 2, 2023, Alaska Air Group, Inc., a Delaware corporation (“ Alaska ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Hawaiian Holdings, Inc., a Delaware corporation (“ Hawaiian ”), and Marlin Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Alaska (“ Merger Sub ”), pursuant to which, subject to satisfaction or waiver of the conditions therein, Merger Sub will merge with and into Hawaiian (the “ Merger ”), with Hawaiian surviving as a wholly owned subsidiary of Alaska.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/766421/000119312523287918/0001193125-23-287918-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Hawaiian Holdings, Inc. and Marlin Acquisition Corp."},{"label":"Value","value":"$18.00 per Share"},{"label":"Effective","value":"2023-12-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}