Allegiant Travel to Buy Sun Country in $1.5B Deal, Offering 19.8% Premium and $140M Synergies

Allegiant Travel logo Is Jet Blue's Descent Into Penny Stock Territory an Opportunity? Allegiant Travel (NASDAQ:ALGT) executives and Sun Country leadership outlined plans for a definitive merger agreement under which Allegiant will acquire Sun Country in a cash-and-stock transaction, describing the deal as a combination of two “flexible capacity” airlines with complementary networks and revenue streams. Allegiant CEO Greg Anderson said the implied value is $18.89 per Sun Country share, representing ...