Skadden is advising integrated travel company Allegiant in connection with its agreement to acquire Sun Country Airlines in a cash and stock transaction at an implied value of $18.89 per Sun Country share. Sun Country shareholders will receive 0.1557 shares of Allegiant common stock and $4.10 in cash for each Sun Country share owned. The transaction values Sun Country at approximately $1.5 billion, inclusive of $0.4 billion of Sun Country's net debt.
Following close, Allegiant will continue to be the publicly held parent company, and the combined company will continue under the Allegiant name.
The Skadden team includes Richard Oliver, Micah Kegley, Jim Mazza, David Wales and Page Griffin.
Following close, Allegiant will continue to be the publicly held parent company, and the combined company will continue under the Allegiant name.
The Skadden team includes Richard Oliver, Micah Kegley, Jim Mazza, David Wales and Page Griffin.