SNCY Stock Today: January 12 Allegiant’s $1.5B Deal at 19.8% Premium
Sun Country stock is in focus after Allegiant agreed to buy the carrier in a $1.5 billion cash-and-stock deal. Allegiant ALGT will acquire Sun Country SNCY at $18.89 per share, a 19.8% premium. Management guides to $140 million in annual synergies by year three and says the deal should boost EPS once complete. The combined leisure airline will operate 195 aircraft. Investors now weigh spread, antitrust review, and a targeted close in the second half of 2026.
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