Allegiant to acquire Sun Country Airlines in $1.5B deal

LAS VEGAS (KLAS) -- Las Vegas–based Allegiant announced it will acquire Sun Country Airlines in a cash-and-stock deal valued at approximately $1.5 billion, a move that would create one of the largest leisure-focused airlines in the United States. Under the agreement, Sun Country shareholders will receive $4.10 in cash and 0.1557 shares of Allegiant stock [...]