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Stock impact report

Allegiant-Sun Country's $1.5B Deal Gains U.S. Antitrust Clearance [Yahoo! Finance]

Allegiant Travel Company (ALGT) 
Last allegiant travel company earnings: 1/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.allegiantair.com
Company Research Source: Yahoo! Finance
Allegiant Travel Company ( ALGT announced that it has received the U.S. antitrust clearance in relation to its prior announced acquisition deal with Sun Country Airlines ( SNCY Winning the antitrust clearance marks a major step toward the completion of the deal. Under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, both Allegiant and Sun Country announced the early termination of the waiting period for Allegiant's proposed acquisition of Sun Country. The deal still remains subject to other customary closing conditions, which include approval from the U.S. Department of Transportation of an interim exemption application and the approval of the shareholders of each of Allegiant and Sun Country. The deal is now anticipated to be completed in the second or third quarters of 2026. Allegiant chief executive officer, Gregory C. Anderson, stated, "We are pleased to receive U.S. antitrust clearance from the Department of Justice. We remain confident that this combination will Show less Read more
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