Brief: Sun Country Airlines Says Allegiant And Sun Country Airlines To Merge

Sun Country Airlines Holdings

11/01/2026 21:12

Jan 11 (Reuters) - Allegiant Travel Co ALGT.O:

SUN COUNTRY AIRLINES - ALLEGIANT AND SUN COUNTRY AIRLINES TO MERGE

SUN COUNTRY AIRLINES - ALLEGIANT TO BUY SUN COUNTRY AT $18.89 PER SHARE

SUN COUNTRY AIRLINES - DEAL VALUES SUN COUNTRY AT $1.5 BILLION

SUN COUNTRY AIRLINES - ALLEGIANT SHAREHOLDERS TO OWN 67% OF COMBINED COMPANY

SUN COUNTRY AIRLINES: SUN COUNTRY SHAREHOLDERS WILL RECEIVE 0.1557 SHARES OF ALLEGIANT COMMON STOCK AND $4.10 IN CASH FOR EACH SUN COUNTRY SHARE OWNED

SUN COUNTRY AIRLINES: EXPECTED TO GENERATE $140 MILLION IN ANNUAL SYNERGIES BY YEAR 3 POST CLOSE; ACCRETIVE TO EPS YEAR 1 POST CLOSING

SUN COUNTRY AIRLINES: UPON CLOSING, ALLEGIANT CEO GREGORY C. ANDERSON WILL SERVE AS CHIEF EXECUTIVE OFFICER OF COMBINED COMPANY

SUN COUNTRY AIRLINES: ROBERT NEAL WILL SERVE AS PRESIDENT AND CFO. SUN COUNTRY PRESIDENT AND CEO JUDE BRICKER WILL JOIN BOARD OF DIRECTORS

SUN COUNTRY AIRLINES: COMBINED COMPANY WILL BE HEADQUARTERED IN LAS VEGAS

Source text: ID:nPn9FJ7Hba

Further company coverage: ALGT.O

 ((Reuters.Briefs@thomsonreuters.com;))