Argus keeps a Hold rating on Hawaiian Holdings (HA) while noting that its announced acquisition by Alaska Air Group (ALK) is likely to go through at a significantly higher price of $18.00 relative to the current price level. While regulators will look closely at the deal, the firm does not see market share or route overlap as issues that could block the acquisition, the analyst tells investors in a research note.
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Read More on HA:
- M&A News: Hawaiian Holdings (NASDAQ:HA) Soars as Alaska Air Seals $1.9B Deal
- Alaska Air downgraded to Market Perform from Strong Buy at Raymond James
- Hawaiian Holdings upgraded to Buy from Hold at Deutsche Bank
- Alaska Air downgraded to Hold from Buy at Deutsche Bank
- M & A News: Alaska Air (NYSE:ALK) to Strengthen its Offerings with HA Deal