#1
#1 out of 1236.0K est. views3.53%
business6h ago
Allegiant and Sun Country Airlines to Combine, Creating a Leading, More Competitive Leisure-Focused U.S. Airline
Prnewswire.com and 3 more
- The merged company will be headquartered in Las Vegas and will maintain a significant presence in Minneapolis-St. Paul as Sun Country joins the combined group.
- Allegiant expects to realize about $140 million in annual synergies within three years after closing, boosting options across the combined network.
- Sun Country shareholders will receive 0.1557 Allegiant shares plus $4.10 in cash per Sun Country share, signaling a premium to the target’s recent price.
Vote 19