Reported about 2 months ago
Traders are increasingly optimistic about Alaska Air Group's $1.9 billion acquisition of Hawaiian Holdings after the DOJ extended its merger review deadline to August 20, 2024. This move has led to a significant rise in Hawaiian shares, now just $2 below Alaska's bid price. Investors believe that the extensions may indicate a potential settlement between the parties, alleviating fears of a DOJ lawsuit that had previously plagued the deal.
Source: YAHOO