Allegiant to acquire Sun Country Airlines for $1.5B

Low-cost airline Allegiant will acquire Sun Country Airlines 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, representing a premium of about 19.8% to its Friday close of $15.77. The […]