EasyJet rejects £4.7bn takeover bid from Castlelake

US private credit group goes public with latest 625p-a-share offer after airline’s board refuses to engage
EasyJet rejects £4.7bn takeover bid from Castlelake

EasyJet rejects £4.7bn takeover bid from Castlelake US private credit group Castlelake has made a public offer to acquire EasyJet at 625 pence per share. The airline’s board has refused to engage with the unsolicited bid. This latest offer values the company at approximately £4.7 billion.

  • EasyJet’s board has rejected a takeover offer from Castlelake.
  • The offer from the US private credit group is 625 pence per share.
  • The proposed acquisition values EasyJet at £4.7 billion.
  • EasyJet’s board has refused to engage with Castlelake’s offer. Continue reading https://www.ft.com/content/added805-2916-4bdc-a30b-35abf9d91dec
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