Sun Country Airlines Holdings, Inc.
SNCY/Allegiant Travel CompanyALGTAllegiant to Acquire Sun Country Airlines in Mixed Stock-Cash Deal
Key takeaways
- Allegiant Travel Company acquires Sun Country Airlines Holdings, Inc. — 20% premium (mixed).
Deal value
—
mixed
Per-share offer
—
Premium
+19.8%
Days to close
—
Term fee
—
Announced
Apr 24, 2026
Preliminary Proxy
—
Definitive Proxy
—
Record date
—
Shareholder vote
May 8, 2026
Expected close
—
No regulatory or closing-conditions data extracted yet. The merger agreement Exhibit 10.1 contains this in the “Conditions to Closing” and “Regulatory Approvals” articles.
No closing-condition data extracted.
No competing-bidder, activist, or dissident-proxy signals in the database for this target.
Acquirer side· Allegiant Travel Company
Legal
Skadden, Arps, Slate, Meagher & Flom LLP
- · Richard Oliver
- · Micah Kegley
“Richard Oliver, Micah Kegley, Skadden, Arps, Slate, Meagher & Flom LLP, 1440 New York Avenue, NW, Washington, DC 20005, (202) 371-7000”
Target side· Sun Country Airlines Holdings, Inc.
Legal
- · Iliana Ongun
- · Scott Golenbock
“Iliana Ongun, Scott Golenbock, Milbank LLP, 55 Hudson Yards, New York, New York 10001, (212) 530-5000”
| Firm | Role | Side | Deals in DB | |
|---|---|---|---|---|
| Skadden, Arps, Slate, Meagher & Flom LLP | Legal | Acquirer | 1 | View deals → |
| Milbank LLP | Legal | Target | 1 | View deals → |
- Apr 24, 2026this filing
Allegiant to Acquire Sun Country Airlines in Mixed Stock-Cash Deal
- Apr 24, 2026
Allegiant to Acquire Sun Country Airlines in Mixed Stock-Cash Deal
| Date | Form | Section | Headline | Status |
|---|---|---|---|---|
| Apr 24, 2026 | — | definitive | Allegiant to Acquire Sun Country Airlines in Mixed Stock-Cash Deal | vote_scheduled |
Allegiant Travel Company agreed to acquire Sun Country Airlines Holdings, Inc. through a two-step merger structure, with Sun Country shareholders receiving 0.1557 shares of Allegiant common stock and $4.10 in cash per share. The transaction values Sun Country at approximately $18.89 per share based on Allegiant's January 9, 2026 closing price, representing a 19.8% premium, and is expected to close following shareholder votes scheduled for May 8, 2026. Upon closing, former Sun Country equityholders will own approximately 33% of the combined company on a fully diluted basis.