Peter Mucchetti, Clifford Chance partner and former DOJ antitrust attorney, joins 'Squawk Box' to discuss Alaska Airline's $1.9 billion deal to buy Hawaiian Airlines, the regulatory pushback the merge
Only the small-cap Russell 2000 managed to stay above zero the entire trading day.
Sheila Kahyaoglu, Jefferies analyst, joins 'Closing Bell Overtime' to talk the surprise merger announcement from Hawaiian and Alaska Airlines.
The recent rally for U.S. equities took a breather, with the S&P 500 losing 0.5%, amid questions about whether the markets will be able to sustain the runup through December.
The Justice Department has challenged a host of deals, including two airline partnerships in recent years.
Alaska Air Group Inc (NYSE:ALK) is in a tailspin today, after the company announced the acquisition of Hawaiian Airlines parent Hawaiian Holdings (HA) for $1.9 billion, including $900 million in debt.
The $1.9 billion merger between Alaska and Hawaiian airlines could translate to fewer cheaper options for customers if the deal gets through regulators, which could take several months.
Alaska Air has a deal in place to acquire Hawaiian for $1.9 billion, a premium of more than 250% over the target's Friday close. Alaska has a decent track record as an acquirer, and the deal makes sen
Hawaiian Air's parent stock was up 186% on Monday after Alaska Air Inc. said it's acquiring the company at a massive 270% premium.
Peter Ingram, Hawaiian Airlines CEO, and Ben Minicucci, Alaska Airlines CEO, join 'Squawk on the Street' to discuss how long both sides were talking about a merger, how to convince the White House thi
Both airlines have over 90 years of brand history but different offerings. A merger requires Alaska to integrate Hawaiian's mixed fleet and upscale onboard experience.
U.S. equities began the new week lower at midday, as tech stocks fell to start the week after Friday's gains. The Dow, S&P 500, and Nasdaq all fell.
The $1.9 billion deal, on closure, will boost Alaska Air's (ALK) fleet size considerably apart from offering other benefits.
Alaska Air Group (ALK) shares fell 14% while shares of Hawaiian Holdings (HA) nearly tripled in pre-market trading Monday after Alaska Air Group said it would buy Hawaiian Holdings for $1.9 billion.
Alaska Air Group (NYSE:ALK) Inc announced late Sunday an agreement to acquire Hawaiian Airlines, sending shares of its parent company, Hawaiian Holdings Inc, more than 180% higher in pre-market tradin
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