Hawaiian Holdings shares are trading higher following a report suggesting that the period for the Department of Justice to complete its regulatory investigation of the merger proposal with Alaska Airlines has expired. The two companies are now one step closer to completing the deal and will now require approval from the U.S. Department of Transportation.
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Holdings shares rise as the DOJ's investigation period for its merger with Alaska Airlines expires, moving the deal closer to completion pending U.S. Department of Transportation approval.
August 20, 2024 | 12:03 pm
News sentiment analysis
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POSITIVE IMPACT
Alaska Airlines is one step closer to completing its merger with Hawaiian Holdings as the DOJ's investigation period has expired, pending DOT approval.
The expiration of the DOJ's investigation period is a significant step forward for Alaska Airlines in its merger with Hawaiian Holdings, likely to positively impact its stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Hawaiian Holdings shares are trading higher as the DOJ's investigation period for its merger with Alaska Airlines has expired, bringing the deal closer to completion.
The expiration of the DOJ's investigation period is a positive regulatory step towards the merger, boosting investor confidence and driving up Hawaiian Holdings' stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80