Topic
easyjet
Business EasyJet Reaches Agreement in Principle with Castlelake Over £5.2bn Takeover Bid
EasyJet has reached an agreement in principle with US investment firm Castlelake over a takeover offer worth approximately £5.2 billion, at £6.90 per share. The board said it would be minded to recommend the offer if a firm bid is made, but Castlelake must secure regulatory clearances, including compliance with EU ownership rules, by 3 August.
EasyJet Rejects £4.74bn Castlelake Takeover Bid, Calls Offer 'Highly Opportunistic'
EasyJet has rejected a £4.74bn takeover offer from US investment firm Castlelake, accusing it of trying to buy the airline 'on the cheap'. Castlelake, which already holds a 2.14% stake, has until Friday to make a firm offer or walk away. The bid includes a partnership with two EU nationals to comply with ownership regulations.
Business EasyJet rejects £4.7bn takeover bid from US investment firm Castlelake
EasyJet has rejected a £4.74bn takeover offer from US investment firm Castlelake, which described the bid as 'highly opportunistic'. Castlelake, which already holds a 2.14% stake, made three proposals this month and has now gone public to allow shareholders to consider the offer. The deadline for a firm bid is this Friday.