Alaska Air shares are trading lower after the company announced it will acquire Hawaiian Airlines for $18 per share in cash.
Portfolio Pulse from Benzinga Newsdesk
Alaska Air (ALK) has announced its intention to acquire Hawaiian Airlines at a price of $18 per share in cash, causing its shares to trade lower.
December 04, 2023 | 1:37 pm
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NEGATIVE IMPACT
Alaska Air's stock is trading lower after announcing the cash acquisition of Hawaiian Airlines for $18 per share.
The short term impact on ALK's stock price is likely negative due to the immediate financial burden of the acquisition and potential concerns about integration risks. Investors may also be reacting to the premium paid per share, which could affect ALK's short term liquidity and debt levels.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100