Former AG Investigates Sun Country Airlines Sale to Allegiant, Offering 0.1557 Shares and $4.10 Cash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Transaction Investigation: Former Louisiana Attorney General Charles C. Foti and his law firm are investigating the proposed sale of Sun Country Airlines to Allegiant Travel to assess the fairness of the transaction.
- Shareholder Returns: Under the terms, shareholders of Sun Country will receive 0.1557 shares of Allegiant common stock and $4.10 in cash per share, which may be perceived as undervaluing the company.
- Legal Consultation: KSF encourages shareholders who believe the transaction undervalues the company or wish to discuss their legal rights to contact their managing partner for free consultations at any time.
- Company Background: Sun Country Airlines Holdings, Inc. is listed on NASDAQ, and the potential implications of this transaction could affect shareholder investment decisions and the company's future market performance.
Analyst Views on ALGT
Wall Street analysts forecast ALGT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALGT is 71.56 USD with a low forecast of 55.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
3 Buy
5 Hold
1 Sell
Hold
Current: 89.010
Low
55.00
Averages
71.56
High
85.00
Current: 89.010
Low
55.00
Averages
71.56
High
85.00
About ALGT
Allegiant Travel Company is a leisure travel company focused on providing travel and leisure services and products to residents of under-served cities in the United States. The Company provides various travel services and products, including scheduled service air transportation, ancillary air-related products and services, third party products and services, and fixed-fee contract air transportation. The Company operates through Airline segment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
