Published on 4 Dec 2023 on Benzinga
Why This Alaska Air Analyst Believes Hawaiian Holdings Deal Could Hurt Sentiment - Alaska Air Gr...
Shares of Alaska Air Group, Inc. ALK tanked over 15% in early trading on Monday, after the company inked an acquisition deal with Hawaiian Holdings, Inc. HA
The deal is unlikely to close for 12 to 18 months and the complexity of executing it could weigh on sentiment, according to Raymond James.