Sun Country Airlines Says Allegiant And Sun Country Airlines To Merge

Reuters01-12

Jan 11 (Reuters) - Allegiant Travel Co ::
*SUN COUNTRY AIRLINES - ALLEGIANT AND SUN COUNTRY AIRLINES TO MERGE
*SUN COUNTRY AIRLINES - ALLEGIANT TO BUY SUN COUNTRY AT $18.89 PER SHARE
*SUN COUNTRY AIRLINES - DEAL VALUES SUN COUNTRY AT $1.5 BILLION
*SUN COUNTRY AIRLINES - ALLEGIANT SHAREHOLDERS TO OWN 67% OF COMBINED COMPANY
*SUN COUNTRY AIRLINES: SUN COUNTRY SHAREHOLDERS WILL RECEIVE 0.1557 SHARES OF ALLEGIANT COMMON STOCK AND $4.10 IN CASH FOR EACH SUN COUNTRY SHARE OWNED
*SUN COUNTRY AIRLINES: EXPECTED TO GENERATE $140 MILLION IN ANNUAL SYNERGIES BY YEAR 3 POST CLOSE; ACCRETIVE TO EPS YEAR 1 POST CLOSING

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 11-JAN-202621:09:01.287 GMT

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