Alaska Air falls as Wall Street questions $1.9 billion Hawaiian deal

Posted on AllSides December 4th, 2023
From The Left

Alaska Air Group Inc. shares sank after it said it would acquire Hawaiian Holdings Inc. for $1.9 billion in cash and debt, in the latest attempt to consolidate the US aviation industry despite regulatory headwinds. Alaska shares fell as much as 19% in New York on Monday. Shares of Hawaiian rose as high as $14.20, almost tripling after the deal’s announcement on Sunday but still below the $18 price Alaska agreed to pay. This suggested that investors remain concerned that the deal may not clear regulatory hurdles. The Biden administration...

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https://spokesman.com/stories/2023/dec/04/alaska-air-falls-as-wall-street-questions-19-billi

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