Sun Country Shareholders Approve Allegiant Merger With 43.97 Million Votes

9 articles · Updated · StockTitan · May 12

43,971,505 Sun Country shares voted for the Allegiant merger at a special meeting, with just 32,926 against and 39,103 abstaining.
44,043,534 shares were represented—about 81.27% of the 54,191,637 outstanding—giving the airline enough participation to clear a key internal approval hurdle.
Stockholders also approved the merger-related compensation proposal, and support was sufficient for a possible adjournment proposal, though no adjournment was needed after the merger passed.
The vote removes a major shareholder-approval risk for the deal, though the transaction still must satisfy remaining regulatory and closing conditions.

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