Allegiant Travel Company has announced the acquisition of Sun Country Airlines in a $1.5 billion cash-and-stock deal, including debt. Sun Country’s stock closed at $15.77 on January 9 and rose to $18.50 in overnight trading. Sun Country shareholders will receive 0.1557 shares of Allegiant stock and $4.10 in cash per share. The combined company will be headquartered in Las Vegas, with Allegiant CEO Gregory Anderson leading as CEO. The transaction is expected to close in the second half of 2026, pending regulatory approvals. Jude Bricker, Sun Country’s CEO, will join the board of directors.

Read more at Nasdaq: Allegiant Travel To Acquire Sun Country Airlines In $1.5 Bln Deal