Allegiant Travel Stock Gaps Lower After $1.5B Rival Acquisition

Allegiant Travel Company  (NASDAQ:ALGT) stock is down 3.9% to trade at $91.24 at last glance, after news that the company will buy budget airline competitor Sun Country Airlines (SNCY) in a deal valued $1.5 billion, or $18.89 per share, which is expected to close in the second half of 2026.

Schaeffers Research • 9 hours ago

Allegiant Signs $1.5B Cash-and-Stock Deal to Purchase Sun Country

ALGT inks a $1.5B cash-and-stock deal to buy Sun Country, paying $18.89 a share and aiming for $140M in annual synergies.

Zacks Investment Research • 4 hours ago

Allegiant Travel Company (ALGT) M&A Call Transcript

Allegiant Travel Company (ALGT) M&A Call Transcript

Seeking Alpha • 7 hours ago

Two Low-Cost Airlines Plan to Merge. Wall Street Likes the Deal.

Investors see sunshine for Sun Country Airlines stock following news that it plans to merge with another ultra-low-cost carrier.

Investopedia • 6 hours ago

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Sun Country Airlines

NEW YORK, Jan. 12, 2026 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Sun Country Airlines (NASDAQ: SNCY) and its board of directors concerning the proposed acquisition of the company by Allegiant (NASDAQ: ALGT). Stockholders will receive $4.10 in cash and 0.1557 shares of Allegiant common stock for each share of Sun Country Airlines stock that they hold.

PRNewsWire • 2 hours ago

Wall Street Breakfast Podcast: Fed Chair Powell Faces Criminal Investigation

Allegiant (ALGT) will acquire Sun Country (SNCY) in a $1.5B cash-and-stock deal, offering a 19.8% premium to SNCY's last close. Federal prosecutors have launched a criminal investigation into Fed Chair Powell regarding the $2.5B renovation of the central bank's Washington headquarters.

Seeking Alpha • 12 hours ago

Allegiant to acquire Sun Country Airlines for $1.5 billion

Low-cost airline Allegiant will acquire Sun Country Airlines in a deal valued at about $1.5 billion, including debt, the companies said on Sunday.

Reuters • Jan 11, 2026

Allegiant to acquire Sun Country Airlines for $1.5B

The deal will expand the combined company's network, adding more destinations across the US and international markets.

New York Post • Jan 11, 2026

Allegiant to buy rival budget airline Sun Country in $1.5 billion cash and stock deal

Budget airlines in the U.S. like Allegiant and Sun Country have faced a surge in costs following the pandemic and the increase in domestic capacity.

CNBC • Jan 11, 2026

ALGT Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Allegiant Travel Company is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Allegiant Travel Company (NASDAQ: ALGT) and Sun Country Airlines is fair to Allegiant shareholders. Upon completion of the proposed transaction, Allegiant shareholders will own approximately 67% of the combined company. Halper Sadeh encourages Allegiant shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763.

Business Wire • Jan 11, 2026