Summary by Moomoo AI
Alaska Air Group, Inc. (Alaska) has filed a Form 8-K with the SEC, reporting on the latest developments in its planned merger with Hawaiian Holdings, Inc. (Hawaiian). The merger, which was initially announced on December 2, 2023, involves Alaska's subsidiary, Marlin Acquisition Corp. (Merger Sub), merging with Hawaiian, resulting in Hawaiian becoming a wholly owned subsidiary of Alaska. The completion of the merger is subject to certain conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other regulatory approvals. On February 7, 2024, both Alaska and Hawaiian received a Second Request for additional information from the DOJ's Antitrust Division, extending the waiting period under the HSR Act. As of March 27, 2024, Alaska and Hawaiian have agreed with the DOJ to not finalize the merger until at least 90 days after they have complied with the Second Request, unless the DOJ concludes its investigation earlier. The companies are working cooperatively with the DOJ and expect to continue this cooperation.