M&A
confidence high
sentiment neutral
materiality 0.80
Sun Country and Allegiant disclose merger-related lawsuits and supplemental proxy disclosures
Sun Country Airlines Holdings, Inc.
- Two lawsuits filed in New York Supreme Court on Apr 16-17, 2026 challenging the Sun Country-Allegiant merger, plus demand letters from stockholders.
- Sun Country and Allegiant voluntarily supplement the joint proxy statement with revised financial projections for 2025-2029.
- Goldman Sachs DCF analysis valued Sun Country standalone at $18.70-$22.90 per share and pro forma combined at $21.70-$30.75 per share.
- Special stockholder meetings for both companies to vote on the merger are set for May 8, 2026.