First reported by The Guardian
EasyJet agrees to £5bn takeover by US investment firm
EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid
By
Gwyn Topham Transport correspondent
2h agoen
Source
The GuardianEasyJet shares jump almost 10% after it agrees £5.5bn takeover bidtheguardian.comAirline’s board to recommend offer of £6.90 a share in deal analysts say shows UK firms are being bought on the cheap Shares in easyJet surged nearly 10% after the airline agreed to a £5.5bn takeover at the fifth attempt, but analysts said that it showed UK firms were being bought on the cheap. The low-cost carrier’s board will recommend shareholders accept an offer price of £6.90 a share from Castlelake, a US private equity firm, after rejecting four previous bids of as little as £5.60 per share. EasyJet shares closed at 610p. Continue reading...
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