Summary by Futu AI
Alaska Air Group, Inc. (Alaska) has announced that it entered into a Merger Agreement with Hawaiian Holdings, Inc. (Hawaiian) and Marlin Acquisition Corp. (Merger Sub) on December 2, 2023. The agreement outlines the merger of Merger Sub into Hawaiian, with Hawaiian becoming a wholly owned subsidiary of Alaska. Following a Second Request for additional information from the DOJ on February 7, 2024, Alaska and Hawaiian entered into a timing agreement on March 27, 2024, which set a Review Period of 90 days after both parties certified compliance with the request. The Review Period, initially set to expire on August 5, 2024, was extended to August 15, 2024, and further to August 16, 2024, at 12:01 a.m. Eastern Time. The extension was agreed upon with the DOJ, and Alaska and Hawaiian are continuing to cooperate with the DOJ's investigation of the merger. The report was signed by Kyle B. Levine, Senior Vice President, Legal, General Counsel, and Corporate Secretary of Alaska Air Group, Inc., on August 14, 2024.