Allegiant to acquire Sun Country Airlines for $1.5 billion
ReutersJan 11, 2026 9:30 PM
Jan 11 (Reuters) - Low-cost airline Allegiant ALGT.O will acquire Sun Country Airlines SNCY.O in a deal valued at about $1.5 billion, including debt, the companies said on Sunday.
As part of the agreement, Sun Country shareholders will receive 0.1557 Allegiant shares and $4.10 in cash for each share, valuing the stock at $18.89.
Shares of Sun Country closed at $15.77 on Friday.
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