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Investing.com — Here is your Pro Recap of 4 head-turning deal dispatches you may have missed this week: deals at Hawaiian and Alaska Air , AbbVie and Cerevel, Carrier Global selling security unit to Honeywell, and LyondellBasell Industries selling its Ethylene Oxide & Derivatives unit to INEOS Oxide.
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Hawaiian stock jumps following Alaska Air acquisition announcement
Shares of Hawaiian (NASDAQ:) experienced a significant surge on Monday, rising more than 192%, following the news that Alaska Air (NYSE:) intends to acquire the airline for a total of $1.9 billion. The proposed deal includes a cash payment of $18 per share by Alaska Air, factoring in Hawaiian Airlines’ existing net debt of $0.9 billion.
The companies foresee potential synergies from the acquisition, estimating a conservative figure of around $235 million in run-rate synergies. The completion of this acquisition is expected within the next 12 to 18 months.
Analysts highlighted the strategic rationale of the deal, emphasizing that it provides Alaska Air with…
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