Business
Allegiant and Sun Country Airlines to Combine, Creating a Leading, More Competitive Leisure-Focused U.S. Airline
Allegiant (NASDAQ: ALGT) and Sun Country Airlines (NASDAQ: SNCY) today announced a definitive merger agreement under which Allegiant will acquire Sun Country in a cash and stock transaction at an implied value of $18.89 per Sun Country share. Sun Country shareholders will receive 0.1557 shares of Allegiant common stock and $4.10 in cash for each Sun Country share owned, representing a premium of 19.8% over Sun Country's closing share price of $15.77 on January 9, 2026, and 18.8% based on the 30-
About this update from Allegiant Travel Company
[{"type":"text","content":"Brings Together Airlines with Similar Flexible Capacity Models Serving 22 Million Annual Customers, Nearly 175 Cities, With More Than 650 Routes, and 195 Aircraft","length":162,"tagName":"p","attribs":{}},{"type":"text","content":"Complementary Route Networks, Diversified Fleet, and Third-Party Travel Business Expand Choice, and Service for Passengers, Allowing Them to Reach More U.S. and International Vacation Destinations","length":196,"tagName":"p","attribs":{}},{"type":"text","content":"Strengthens Diversified Operations with Long-Term, Contractual Charter and Cargo Customers","length":90,"tagName":"p","attribs":{}},{"type":"text","content":"Strong Margins and Balance Sheet Support Growth Drive Shareholder Returns ","length":73,"tagName":"p","attribs":{}},{"type":"text","content":"Expected to Generate $140 Million in Annual Synergies by Year 3 Post Close; Accretive to EPS Year 1 Post Closing While Enhancing Long Term Financial Returns","length":156,"tagName":"p","attribs":{}},{"type":"text","content":"Larger Loyalty Program Will Boost Rewards with Expanded Earning Options, Richer Benefits, and Greater Flexibility for Travelers","length":127,"tagName":"p","attribs":{}},{"type":"text","content":"More Opportunities for Team Members with a Shared Commitment to People and Service","length":87,"tagName":"p","attribs":{}},{"type":"text","content":"Committed to Maintaining Significant Presence in Minneapolis-St. Paul as an Important Base of Operations and Key Anchor City","length":124,"tagName":"p","attribs":{}},{"type":"text","content":"Investor Conference Call Scheduled for Monday, January 12 at 8:30 AM Eastern Time ","length":81,"tagName":"p","attribs":{}},{"type":"text","content":"LAS VEGAS and MINNEAPOLIS, Jan. 11, 2026 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) and Sun Country Airlines (NASDAQ: SNCY) today announced a definitive merger agreement under which Allegiant will acquire Sun Country in a cash and stock transaction at an implied value of $18.89 per Sun Country share. Sun Country shareholders will receive 0.1557 shares of Allegiant common stock and $4.10 in cash for each Sun Country share owned, representing a premium of 19.8% over Sun Country's closing share price of $15.77 on January 9, 2026, and 18.8% based on the 30-day volume-weighted average price. The transaction values Sun Country at approximate...