First reported by The Guardian
EasyJet agrees to £5bn takeover by US investment firm
EasyJet reaches agreement in principle with Castlelake on £5.2 billion takeover bid
By
Jemma Crew, Marc Ashdown
2h ago· 2 min readenNews
Summary
EasyJet has reached an agreement in principle with US investment firm Castlelake over a potential £5.2 billion takeover bid at £6.90 per share. The low-cost airline had previously rejected four lower offers from Castlelake, which manages funds holding a 2.14% stake in EasyJet. The airline had accused Castlelake of trying to acquire it "on the cheap" before this latest proposal was put forward on 4 July.
Source
bskyEasyJet reaches agreement in principle with Castlelake on £5.2 billion takeover bidbbc.co.ukKey quotes
· 3 pulledIt said those offers had been worth £6.50, £5.60, £6 and £6.25 a share
has previously accused Castlelake of trying to buy it 'on the cheap'
On Sunday EasyJet's board of directors and Castlelake said they had reached an agreement in principle on a proposal put forward on 4 July, worth £6.90 per share
The low-cost airline had previously rejected four takeover offers from US investment firm Castlelake.
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