Investing
Alaska Air to buy Hawaiian Airlines for $1.9 billion
© Reuters. File photo: Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S., April 28, 2020. REUTERS/Marco Garcia/File pho
(Reuters) – Alaska Air (NYSE:) said on Sunday that it has entered an agreement to acquire Hawaiian Airlines for $1.9 billion, which includes $0.9 billion of Hawaiian Airlines net debt.
Alaska Airlines will acquire Hawaiian Airlines for $18.00 per share in cash, the two companies said, adding that the transaction will unlock more destinations and expand access throughout the Pacific region, continental United States and globally.
The deal is expected to generate high single digit earnings accretion for Alaska Airlines within the first two year, it said.
The combined organization will be based in Seattle under the leadership of Alaska Airlines CEO Ben Minicucci.
Read the full article here
You Don’t Need Thousands to Turn Your Business Idea Into Reality — Here’s How I Did It on a College-Kid Budget
How a Single PowerPoint Raised $300 Million for This Founder
AI Pioneers Win $1.06 Million, 2024 Nobel Prize in Physics
How to Build a Workplace Culture Centered on Love, Abundance and Purpose
U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 1.37% By Investing.com
Are You Running Your Business, or Is Your Business Running You?
How to Develop Empowered Leaders Within Your Own Team
How Your Body Language Can Help Win a Disagreement
How to Be Unapologetically You and Why It Matters
7 Marketing Strategies to Help Your Startup Grow and Scale
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Passive Income6 days agoAre You Running Your Business, or Is Your Business Running You?
-
Side Hustles7 days agoHow to Develop Empowered Leaders Within Your Own Team
-
Side Hustles6 days agoHow Your Body Language Can Help Win a Disagreement
-
Side Hustles5 days agoHow to Be Unapologetically You and Why It Matters
-
Investing6 days ago7 Marketing Strategies to Help Your Startup Grow and Scale
-
Side Hustles6 days agoOpenAI Raises Record $6.6 Billion, Adds 50 Million New Users
-
Side Hustles7 days agoWhy the Best Time to Sell Your Business Is When You Least Expect It
-
Investing4 days agoNvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane