{"id":96773,"date":"2026-01-12T00:03:09","date_gmt":"2026-01-12T00:03:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/96773\/"},"modified":"2026-01-12T00:03:09","modified_gmt":"2026-01-12T00:03:09","slug":"allegiant-to-acquire-sun-country-airlines-for-1-5b","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/96773\/","title":{"rendered":"Allegiant\u00a0to acquire Sun Country Airlines for $1.5B"},"content":{"rendered":"<p>Low-cost airline\u00a0Allegiant\u00a0will acquire Sun Country Airlines\u00a0in a deal valued at about $1.5 billion, including debt, the companies said on Sunday.<\/p>\n<p>As part of the agreement, Sun Country shareholders will receive 0.1557\u00a0Allegiant\u00a0shares and $4.10 in cash for each share, valuing the stock at $18.89,\u00a0representing a premium of about 19.8% to its Friday close of $15.77.<\/p>\n<p><img style=\"aspect-ratio:1.49926794;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"38155707\" width=\"885\" height=\"590\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/01\/allegiant-airlines-plane-gate-orlando-115416114.jpg\" alt=\"An Allegiant Airlines plane at a gate at Orlando International Airport with the cargo hold open.\" class=\"wp-image-38155707\"  \/>The deal will add more destinations across the US and international markets to the company\u2019s network. ZUMAPRESS.com<\/p>\n<p>The deal will expand the combined company\u2019s network, adding more destinations across the US and international markets. The fleet will include about 195 aircraft, with additional orders and options.<\/p>\n<p>The combined company, which will be headquartered in Las Vegas, is expected to generate $140 million in annual synergies by the third year after closing, and the transaction will be accretive to earnings per share in the first year. The deal is expected to close in the second half of 2026.<\/p>\n<p><img style=\"aspect-ratio:1.49926794;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"38155709\" width=\"885\" height=\"590\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/01\/sun-country-airlines-plane-takes-114975665.jpg\" alt=\"A Sun Country Airlines plane takes off from Minneapolis\u2013Saint Paul International Airport.\" class=\"wp-image-38155709\"  \/>The deal is expected to close in the second half of this year. REUTERS<\/p>\n<p>Upon closing,\u00a0Allegiant\u00a0and Sun Country shareholders will own about 67% and 33% respectively of the combined company.<\/p>\n<p>Allegiant\u00a0CEO Gregory Anderson will lead the combined company as chief executive officer, while Robert Neal will serve as president and chief financial officer. Sun Country CEO Jude Bricker will join the board of directors.<\/p>\n","protected":false},"excerpt":{"rendered":"Low-cost airline\u00a0Allegiant\u00a0will acquire Sun Country Airlines\u00a0in a deal valued at about $1.5 billion, including debt, the companies said&hellip;\n","protected":false},"author":2,"featured_media":96774,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[10997,288,29098,9,11,10],"class_list":{"0":"post-96773","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-airlines","9":"tag-business","10":"tag-mergers-acquisitions","11":"tag-new-york","12":"tag-new-york-headlines","13":"tag-new-york-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/96773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=96773"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/96773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/96774"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=96773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=96773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=96773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}