Allegiant to buy Sun Country in $1.5B deal as budget airline stocks split
Allegiant Travel Co is set to acquire Sun Country Airlines in a $1.5 billion deal involving both cash and stock, merging two U.S. airlines focused mainly on leisure travel routes. Shares of Sun Country jumped roughly 11% Monday, while Allegiant slipped about 6%. Investors seemed split, weighing the hefty premium against potential cost savings and expanded routes. https://www.investopedia.com/two-low-cost-airlines-plan-to-merge-wall-street-likes-the-deal-algt-scny-11883381