Summary by Futu AI
Alaska Air Group, Inc. has announced the extension of the review period for its merger with Hawaiian Holdings, Inc. until August 20, 2024. The merger, which involves Alaska's subsidiary Marlin Acquisition Corp. merging with Hawaiian to become a wholly owned subsidiary of Alaska, is currently under review by the Department of Justice's Antitrust Division. This extension marks the third time the review period has been extended, with the previous deadline set for August 16, 2024. The companies have been in compliance with a request for additional information from the DOJ since May 7, 2024, and continue to cooperate with the DOJ's investigation. The merger agreement was initially entered into on December 2, 2023, and is subject to regulatory approval. Alaska Air Group, Inc. is based in Seattle, Washington, and is registered with the SEC.