Allegiant Travel Co. will acquire Sun Country Airlines Holdings Inc. in a cash-and-stock deal valued at $1.5 billion including Sun Country's debt, the two carriers said in a joint statement on Sunday. Sun Country's shareholders will receive 0.1557 shares of Allegiant common stock and $4.10 in cash per Sun Country share, the companies said. The offer represents a premium of 19.8% over Sun Country's closing share price on Friday, according to the statement.
Neither government shutdown nor IT outage can stop the merger of Alaska Airlines and Hawaiian Airlines. "For us, the biggest honor, the biggest compliment we can get is silence," says Rodrigo Ramos, the regional general manager of North America at Sabre. The early-rate deadline for Fast Company's World Changing Ideas Awards is Friday, November 14, at 11:59 p.m. PT. Apply today.