EasyJet extends the decision deadline for one of its takeover suitors, U.S. asset manager Castlelake, bringing it in line with the deadline facing the rival bidder Apollo. Under the updated timetable reported by outlets, Castlelake now has until Friday to make a formal takeover offer, after the airline pushed back Castlelake’s previous deadline. The move sets up what both reports describe as a decisive week in the bidding process for the budget airline. Apollo’s deadline is aligned with Castlelake’s, meaning both bidders are expected to submit or firm up their offers by the same cutoff date. The extension keeps the competition for EasyJet’s acquisition in its final stretch, with Castlelake given additional time to determine whether to make a firm offer. Both reports characterize the situation as an active bidding war between the two suitors, with the next offers likely to shape the immediate direction of the process.
EasyJet extends Castlelake deadline as bidding race with Apollo enters final week
EasyJet extends the decision deadline for one of its takeover suitors, U.S. asset manager Castlelake, bringing it in line with the deadline facing the rival bidder Apollo. Under the updated timetable...
- EasyJet extends Castlelake’s deadline to decide whether to make a firm takeover offer.
- The extended Castlelake deadline is aligned with the deadline for rival bidder Apollo.
- Both deadlines now fall in the same decisive week of the bidding process.
- The competition involves a takeover bid for EasyJet between Castlelake and Apollo.
Easyjet suitors have until Friday to make a formal bid for the firm after the airline pushed the deadline for US asset manager Castlelake back to match rival bidder Apollo.
3 hours agoEasyJet on Monday extended the deadline for suitor Castlelake to decide whether to make a firm takeover offer, bringing it into line with the deadline facing Apollo (APO.N) as the bidding war for the budget carrier enters a decisive week. Here are some details:
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