Hawaiian Holdings And Alaska Entered Timing Agreement With DOJ Pursuant To Which They Agreed, Among Other Things, Not To Consummate The Merger Before 90 Days Following The Date On Which Both Parties Have Certified Substantial Compliance With The Second Request Unless They Have Received Written Notice From Prior To The End Of 90-Day Period That The DOJ Has Closed Its Investigation Of The Merger
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Holdings and Alaska Airlines have entered into a timing agreement with the DOJ, agreeing not to finalize their merger until 90 days after certifying compliance with a second request, unless the DOJ closes its investigation earlier.
March 27, 2024 | 8:43 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Alaska Airlines' merger with Hawaiian Holdings is subject to a DOJ-imposed delay, requiring a 90-day waiting period after compliance certification, unless the investigation is closed sooner.
The regulatory delay introduces short-term uncertainty for Alaska Airlines' stock. The impact is neutral in the short term as the delay could be seen as a procedural step, with the potential merger still on the horizon.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Hawaiian Holdings' merger with Alaska Airlines is delayed by a DOJ agreement, requiring a 90-day wait post-compliance certification unless the investigation concludes earlier.
The delay in the merger due to regulatory compliance could lead to short-term uncertainty for Hawaiian Holdings' stock. However, the eventual completion of the merger could be positive, making the short-term impact neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80