Allegiant Travel to Buy Sun Country in $1.5B Deal, Offering 19.8% Premium and $140M Synergies [Yahoo! Finance]
Allegiant Travel Company (ALGT)
Last allegiant travel company earnings: 1/29 04:01 pm
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Source: Yahoo! Finance
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 a 19.8% premium to Sun Country's closing price of $15.77 on January 9. Anderson said the agreement values Sun Country at approximately $1.5 billion inclusive of $400 million of net debt . Allegiant President and CFO Robert Neal (referred to as “BJ” on the call) added that the transaction reflects a fully diluted equity value of $1.1 billion and is expected to close in the second half of 2026 , subject to customary regulatory and shareholder approvals. ? Warner Bros. Rejects Paramount's Offer—How It Affects WBD, NFLX, PSKY Anderson described Allegiant and Sun Country a
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ALGT
News
- TEAMSTERS TO MONITOR PROPOSED ALLEGIANT-SUN COUNTRY MERGER [Yahoo! Finance]Yahoo! Finance
- Allegiant Announces Senior Leadership PromotionsPR Newswire
- Frontier Airlines Recruits Ryanair Executive in Ultra-Low-Cost Strategy Push [Yahoo! Finance]Yahoo! Finance
- Allegiant Air and Sun Country Airlines Announce Major Merger in Budget Aviation Shake-Up [Yahoo! Finance]Yahoo! Finance
- Is Allegiant Travel (ALGT) Pricing Look Attractive After Recent Share Price Declines [Yahoo! Finance Canada]Yahoo! Finance Canada
ALGT
Earnings
- 11/4/25 - Miss
ALGT
Sec Filings
- 1/12/26 - Form 8-K
- 1/9/26 - Form SCHEDULE
- 12/9/25 - Form 8-K
- ALGT's page on the SEC website