Summary by Futu AI
Alaska Air Group, Inc. (Alaska) has announced the extension of the review period for its merger with Hawaiian Holdings, Inc. (Hawaiian). The merger, which was first detailed in an Agreement and Plan of Merger on December 2, 2023, would result in Hawaiian becoming a wholly owned subsidiary of Alaska. Following a request for additional information from the Department of Justice's Antitrust Division, both Alaska and Hawaiian certified substantial compliance on May 7, 2024. The original review period was set to expire on August 5, 2024, but has now been extended to August 15, 2024, at 12:01 a.m. Eastern Time. This extension was agreed upon with the DOJ on July 29, 2024, and the announcement was made official by Alaska Air Group, Inc. on July 30, 2024.