SNCY stock jumps on Allegiant’s $1.5 billion bid — deal spread, regulators in focus
Shares of Sun Country Airlines Holdings jumped in early U.S. trading Monday after Allegiant Travel announced plans to acquire the airline in a roughly $1.5 billion deal, debt included. Sun Country’s stock rose 12.8% to $17.79, while Allegiant’s dipped 3.9% to $91.24.