Allegiant Travel closes acquisition of Sun Country Airlines for USD 975.98 million

Allegiant Travel Company

Allegiant Travel Company

ALGT

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  • Allegiant completed the acquisition of Sun Country on May 13, 2026, through a two-step merger structure.
  • Each Sun Country share converted into USD 4.10 cash and 0.1557 shares of Allegiant common stock.
  • Preliminary consideration transferred totaled about USD 976 million, including settlement of Sun Country’s tax receivable liability for USD 80.5 million.
  • Amazon exercised Sun Country warrants before closing, receiving USD 12.3 million in Allegiant stock and USD 3.9 million in cash.
  • Allegiant’s preliminary purchase price allocation included USD 335.6 million of goodwill and USD 66 million of identifiable intangible assets.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allegiant Travel Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-024567), on June 09, 2026, and is solely responsible for the information contained therein.

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