Sun Country-Allegiant Merger: What $1.5 Billion Airline Deal Means For Travelers

Key Highlights

• Allegiant is acquiring Sun Country for approximately $1.5 billion, including debt.
• Sun Country shareholders will receive 0.1557 shares of Allegiant stock and $4.10 in cash per share.
• The acquisition values Sun Country shares at $18.89, reflecting a 19.8% premium over its previous closing price.
• The merger is intended to strengthen the position of both airlines in the competitive low-cost market.
• The deal comes as low-cost carriers face rising costs and increased competition.