Transaction Announcement January 12, 2026 #FD8103 #005595 #FFD105 #394B5D #38AC49 #FD8103 #394B5D Cautionary Statement Regarding Forward-Looking Statements This communication contains forward-looking statements under the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, Section 27A of the Securities Act of 1933 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and often can be identified by th ...

Federal Reserve Investigation - A criminal investigation has been launched into Federal Reserve Chair Jerome Powell regarding the renovation of the Fed's Washington headquarters and potential false statements made to Congress about the project's scope [2][3] - The investigation, approved by Jeanine Pirro, includes analysis of Powell's public statements and spending records [3] - The renovations, which began in 2022, are estimated to be approximately $700 million over budget, with the project involving the expansion and modernization of buildings that have not been comprehensively renovated since their construction nearly 100 years ago [5] Allegiant Travel Acquisition - Allegiant Travel Co. has agreed to acquire Sun Country Airlines in a cash-and-stock deal valued at approximately $1.5 billion, including net debt [8] - Under the terms of the agreement, Sun Country shareholders will receive 0.1557 shares of Allegiant common stock and $4.10 in cash for each share, implying a total value of $18.89 per share, representing a 19.8% premium to Sun Country's closing price of $15.77 [8] Meta's Compliance with Age Restrictions - Meta has removed over 550,000 accounts of Australian children from its platforms to comply with a social media ban for users under 16 [9][10] - The removal included 330,000 users from Instagram, 173,000 from Facebook, and 39,000 from Threads, following the enforcement of the ban on December 10, 2025 [10] - Meta has indicated that early data suggests the ban is not effectively improving teen safety or wellbeing, citing inconsistent age-verification measures across platforms [11]

Core Viewpoint - Allegiant Travel Co. is acquiring Sun Country Airlines Holdings Inc. in a $1.5 billion cash-and-stock deal, indicating ongoing consolidation in the US airline industry amid rising competition [1]. Group 1: Transaction Details - Sun Country shareholders will receive 0.1557 shares of Allegiant common stock and $4.10 in cash per share, representing a 20% premium over Sun Country's closing price prior to the announcement [2]. - Following the announcement, Sun Country's shares increased by as much as 18% to $18.54 in premarket trading, while Allegiant's shares remained relatively stable [2]. Group 2: Strategic Implications - The merger will create a combined entity with over 650 routes, including 18 international destinations across Mexico, Canada, the Caribbean, and Central America, leveraging Allegiant's presence in smaller markets and Sun Country's focus on larger cities with minimal overlap [3]. - Both airlines primarily target price-sensitive US vacationers, and the merger aims to enhance their competitive position against larger carriers like United Airlines and Delta Air Lines [4]. Group 3: Industry Context - The deal unites the ninth- and twelfth-largest airlines in the US, following Alaska Air Group's merger with Hawaiian Airlines, suggesting a trend of consolidation among smaller carriers seeking to compete more effectively [6]. - Other potential mergers are on the horizon, as Frontier Group Holdings is pursuing a merger with Spirit Aviation Holdings, which has faced significant challenges, including a recent bankruptcy [6].

根据公布的交易条款，忠实航空将以每股4.10美元现金加上0.1557股忠实航空普通股的方式，换取每股 太阳城航空股票。该项交易总作价较太阳城航空在2026年1月9日(即上周最后一个交易日)的收盘价溢价 约19.8%。 据了解，Sun Country 成立于 1982 年，客户群以低收入和中等收入家庭为主，这些旅客对经济形势变化 较为敏感。这家总部位于明尼阿波利斯的廉价航空公司经营客运、货运及包机业务。 智通财经APP获悉，忠诚旅游(ALGT.US)将以现金加股票的方式收购Sun Country Airlines(SNCY.US)，两 家公司在上周日发布的联合声明中表示，交易总价值为 15 亿美元，已计入 Sun Country 的债务。 忠实航空将承担太阳城航空约4亿美元的净债务，使总交易价值达到15亿美元。合并完成后，忠实航空 现有股东将持有新实体约67%的股份，太阳城航空股东则持有余下约33%的权益。双方董事会已一致批 准该项协议。 此次合并的核心逻辑在于双方业务的高度互补性。合并后的新实体将运营逾 650 条航线，包括飞往墨西 哥、加拿大、加勒比地区及中美洲的 18 个国际目的地，并把忠诚旅游在中小市场 ...

Market Overview - US stock futures declined, with Dow Jones Industrial Average futures down 0.7%, S&P 500 futures down 0.6%, and Nasdaq 100 futures down approximately 0.9% amid concerns over Federal Reserve independence following a criminal investigation into Chair Jerome Powell [1][2] - The dollar fell by 0.3%, marking its largest drop in nearly three weeks, as the Federal Reserve faced grand jury subpoenas from the Justice Department [17][18] Federal Reserve and Political Pressure - Powell stated that the Justice Department's subpoena is an escalation of President Trump's campaign to pressure the Fed into cutting interest rates, emphasizing that the Fed sets rates based on public service rather than presidential preferences [2][3] - Concerns over political interference in monetary policy have intensified, contributing to a rise in gold prices and a decline in the dollar [4] Upcoming Economic Data - Investors are preparing for updates on inflation, with consumer inflation data due on Tuesday, and producer prices and retail sales scheduled for Wednesday [5][8] - The market is largely pricing in no rate cut from the Fed this month, following a December jobs report indicating a cooling labor market without a sharp economic slowdown [5] Corporate Earnings and Market Reactions - Major banks are set to report earnings this week, with expectations of a record year for the industry and a projected 8.3% annual profit growth for S&P 500 firms [9][10] - Capital One shares fell 10% after Trump warned credit card issuers they would be in violation of the law if they did not cap interest rates at 10% [7][14] Geopolitical Developments - Markets are also monitoring unrest in Iran and potential military action from the US, which has led to fluctuations in oil prices as investors assess the impact on crude supply [6]

Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the sale of Sun Country Airlines Holdings, Inc. to Allegiant Travel Company, which involves a transaction of 0.1557 shares of Allegiant common stock and $4.10 in cash for each Sun Country share [1] Company Summary - The sale price for each Sun Country share includes 0.1557 shares of Allegiant common stock and $4.10 in cash [1] - The investigation aims to determine if this transaction is fair to Sun Country shareholders [1] Legal Rights and Options - Sun Country shareholders are encouraged to learn more about their legal rights and options regarding the sale [1] - Contact information for legal representatives Daniel Sadeh and Zachary Halper is provided for further inquiries [1]

Allegiant Travel Co. will acquire Sun Country Airlines Holdings Inc. in a cash-and-stock deal valued at $1.5 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 ...

Group 1 - Allegiant Airlines is set to acquire Sun Country Airlines in a transaction valued at approximately $1.5 billion, which includes debt [1]

Core Insights - Allegiant and Sun Country Airlines have announced a definitive merger agreement, with Allegiant acquiring Sun Country at an implied value of $18.89 per share, representing a 19.8% premium over Sun Country's closing price on January 9, 2026 [2][3] - The merger aims to create a leading leisure-focused U.S. airline, enhancing service to popular vacation destinations and providing more affordable air travel options [3][4] - The combined company is expected to generate $140 million in annual synergies by the third year post-close, with the transaction being accretive to earnings per share (EPS) in the first year [1][15] Company Overview - The merger will bring together two financially strong leisure carriers, enhancing stability and expanding opportunities for customers, employees, and partners [3][4] - Allegiant will continue as the publicly held parent company, with the combined company headquartered in Las Vegas while maintaining a significant presence in Minneapolis-St. Paul [10][12] - The combined airline will operate approximately 195 aircraft, with a diversified fleet that includes both Airbus and Boeing models [15] Operational Synergies - The merger will create a complementary route network, providing over 650 routes, including 551 from Allegiant and 105 from Sun Country, connecting underserved markets and expanding international service [8][15] - Integrated scheduling and fleet management are expected to enhance on-time performance and allow for dynamic route planning to meet demand [8][15] - The combined loyalty program will enhance customer rewards by integrating Sun Country's 2 million members with Allegiant's 21 million member base [8] Employee and Community Impact - The merger is expected to create more opportunities for employees, with a shared commitment to service and career growth [5][9] - Both companies will work closely with employees and unions to ensure a smooth integration process, maintaining existing collective bargaining agreements [6] - The combined operations will support year-round flying opportunities, enhancing job stability for pilots and crew members [9] Financial Outlook - The transaction values Sun Country at approximately $1.5 billion, including $0.4 billion of net debt [2] - The combined company is expected to maintain a net adjusted debt to EBITDAR ratio of less than 3.0x at closing, ensuring balance sheet flexibility [15] - The merger is anticipated to provide greater financial resilience through diversified revenue streams, including high ancillary revenues and long-term contracts [15]

Core Viewpoint - The airline sector is expected to rebound, with upgrades for American Airlines Group Inc. and Sun Country Airlines Holdings Inc. based on a favorable industry outlook and company-specific catalysts [1][2] Industry Outlook - The airline industry is poised for recovery by 2026, driven by factors such as a rebound in air travel demand, disciplined capacity growth, and a shift towards premium services [2][3] - Key tailwinds include the aftermath of the U.S. government shutdown, major events like the FIFA World Cup and Olympic Winter Games, and stricter in-office work policies boosting business travel [3] Company-Specific Insights - American Airlines' upgrade to Positive is attributed to its aggressive push into premium offerings, which is expected to narrow the margin gap with competitors [5] - AAL plans to increase premium seats by approximately 30% and lie-flat seats by 50% by 2030, supported by new aircraft acquisitions [5] - Enhancements to passenger experience include free high-speed Wi-Fi for AAdvantage loyalty members starting January 2026 and new amenity kits on select routes [6] Capacity and Revenue Growth - U.S. carriers are expected to maintain supply discipline, with available seat miles (ASMs) projected to grow only in the low-single digits, supporting unit revenue growth [4]