Alaska Airlines To Acquire Hawaiian Airlines – Merger Arbitrage Mondays
Key Highlights
- Hawaiian Holdings (HA) to be acquired by Alaska Air Group (ALK) for $1.9 billion or $18 per share in cash.
- ImmunoGen (IMGN) to be acquired by AbbVie (ABBV) for $7.29 billion or $31.26 per share in cash.
- The European Commission issued Amazon (AMZN) a Statement of Objections regarding its proposed acquisition of iRobot Corporation (IRBT)
Hawaiian Holdings, Inc. (HA) $4.86
Market Cap: $250.94 million
Enterprise Value: $1.16 billion
Alaska Air Group (ALK) and Hawaiian Holdings (HA) entered into a definitive agreement on Sunday, December 3, 2023, under which Alaska Airlines will acquire Hawaiian Airlines for $18.00 per share in cash, representing a significant premium of over 270% to Hawaiian’s closing price of $4.86 on Friday, December 1, 2023.
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