Allegiant to acquire Sun Country in deal valued at $1.5 billion
Sun ntry Airlines Sun ntry Airlines (US:SNCY) Fortune·2026-01-12 06:45

Allegiant Travel Co. will acquire Sun Country Airlines Holdings Inc. in a cash-and-stock deal valued at 1.5billionincludingSunCountrysdebt,thetwocarrierssaidinajointstatementonSunday. SunCountrysshareholderswillreceive0.1557sharesofAllegiantcommonstockand1.5 billion including Sun Country’s debt, the two carriers said in a joint statement on Sunday. Sun Country’s shareholders will receive 0.1557 shares of Allegiant common stock and 4.10 in cash per Sun Country share, the companies said. The offer represents a premium of 19.8% over Sun Country’s closing share price on Friday, according to the statement.The combined entity will provide more than 650 routes ...