Allegiant Signs $1.5B Cash-and-Stock Deal to Purchase Sun Country

Key Takeaways Sun Country agreed to be acquired in a $1.5B cash-and-stock transaction valued at $18.89 per share.ALGT expects the merger to be EPS accretive after year one and to deliver $140M in annual synergies.Allegiant will run 650 routes, add access to 18 international destinations, and operate nearly 195 aircraft.Allegiant Travel Company(ALGT) is all set for its notable imprint in the airline industry with its latest merger news. Allegiant has inked a deal with Sun Country Airlines (SNCY) ), per which ...