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News  ›  Benzinga

SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY)

Benzinga Logo Benzinga By Prnewswire
SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY)

Monteverde & Associates PC, a class action securities firm, has announced an investigation into Sun Country Airlines Holdings, Inc. regarding its proposed acquisition by Allegiant Travel Company. Under the deal terms, Sun Country shareholders would receive 0.1557 shares of Allegiant common stock and $4.10 in cash per share. The firm is investigating whether the transaction represents a fair deal for shareholders.

Insights
HPEpC   positive

Viewed the platform as enabling faster, smarter, and more secure infrastructure


SNCY   negative

The announcement of a class action investigation into the proposed acquisition suggests potential concerns about whether shareholders are receiving fair value in the transaction, which raises questions about deal fairness and may indicate undervaluation concerns.