Castlelake Proposes £1.2bn EasyJet Buyout
US private equity firm Castlelake has made a public proposal to acquire budget airline EasyJet for £1.2bn, offering 480p per share, a 30% premium. EasyJet confirms receipt, stating it will review.
US private equity firm Castlelake has made a public proposal to acquire budget airline EasyJet for £1.2bn, offering 480p per share, a 30% premium. EasyJet confirms receipt, stating it will review.
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EasyJet has rejected a £4.74 billion takeover approach from US investment fund Castlelake, calling the 625p-a-share offer 'highly opportunistic' and an attempt to buy the airline 'on the cheap'.
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