business
EasyJet rejects £4.7bn takeover offer from US investment firm
Key takeaways
- Faarea Masud Business reporter Getty Images Easy Jet has rejected a takeover offer worth £4.74bn from US investment firm Castlelake, describing the bid approach as "highly opportunistic".
- Castlelake said it had made three approaches to Easy Jet this month, all of which had been rejected, but it had now made details of its latest offer public to allow shareholders to assess the proposal.
- The US fund, which already owns a stake of about 2.14% in Easy Jet through the funds it manages, has until this Friday to make a firm offer or walk away.
Faarea Masud Business reporter Getty Images Easy Jet has rejected a takeover offer worth £4.74bn from US investment firm Castlelake, describing the bid approach as "highly opportunistic".
Castlelake said it had made three approaches to Easy Jet this month, all of which had been rejected, but it had now made details of its latest offer public to allow shareholders to assess the proposal.
The US fund, which already owns a stake of about 2.14% in Easy Jet through the funds it manages, has until this Friday to make a firm offer or walk away.
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