easyJet rejects a third takeover approach from US investment firm Castlelake, valuing the airline at about £4.7 billion. Sources report that Castlelake makes the proposal public so that easyJet shareholders can assess it before a Friday deadline. The latest offer is described as an all-cash bid at 625p per share, which values easyJet at just over £4.7 billion (about $6.3 billion). easyJet’s board rejects the offer, saying it does not represent the best interests of shareholders and characterizing the bid as “opportunistic” and an attempt to acquire the company “on the cheap.” Earlier Castlelake bids are also rejected: one is at 560p per share and another at 600p. Bloomberg and other outlets add that the decision follows three separate overtures in total. Some reports also say Castlelake believes easyJet has not engaged meaningfully with the proposals, and therefore publishes the latest offer directly to shareholders rather than through ongoing private discussions.
EasyJet rejects Castlelake’s £4.7bn takeover bid after earlier offers are rebuffed
easyJet rejects a third takeover approach from US investment firm Castlelake, valuing the airline at about £4.7 billion. Sources report that Castlelake makes the proposal public so that easyJet shareh...
- easyJet rejects Castlelake’s third takeover proposal for the airline.
- The latest offer is an all-cash bid at 625p per share, valuing easyJet at about £4.7 billion (around $6.3 billion).
- easyJet says the offer is not in the best interests of shareholders and describes it as opportunistic/trying to buy “on the cheap.”
- Earlier Castlelake bids at 560p and 600p per share are also rejected.
- Castlelake makes the third bid public for shareholder evaluation ahead of a stated Friday deadline.
The airline said it had concluded that the latest offer 'represents an opportunistic attempt to acquire easyJet "on the cheap"'.
5 hours agoEasyJet rejects £4.7bn takeover bid from Castlelake Financial TimesEasyJet rejects £4.7bn takeover offer from US investment firm Castlelake BBCCastlelake sets out $6.3 billion easyJet bid backed by airline execs ReutersCastlelake links former EasyJet figure Bellew with proposed EU entity to meet ownership criteria for takeover FlightGlobalUS firm goes public with £4.7bn proposal to buy easyJet after earlier bids rejected The Guardian
6 hours agoEasyJet has rejected three separate offers from Castlelake, prompting the investment firm to take its latest proposal that values the budget carrier at about £4.74 billion ($6.3 billion) directly to shareholders. The UK airline said it rejected the proposal as not being in the best interest of shareholders, accusing Castlelake of trying to buy the company "on the cheap." Bloomberg's Benedikt Kammel reports. (Source: Bloomberg)
8 hours agoEasyJet rejects £4.7bn takeover offer from US investment firm Castlelake BBCUS firm goes public with £4.7bn proposal to buy easyJet after earlier bids rejected The GuardianEasyJet rejects US investment giant’s £4.7bn takeover bid The TelegraphFTSE 100 Live: Stocks called higher as Starmer exit reported, easyJet bidder goes public Proactive InvestorseasyJet Board Rejects Castlelake’s $6.3 Billion Takeover Offer WSJ
8 hours agoInvestment firm Castlelake says it has made bid public so easyJet shareholders can evaluate it ahead of Friday takeover deadlineThe US investment firm trying to buy easyJet has gone public with a £4.7bn takeover proposal for the budget airline, after three proposals were rebuffed by the easyJet board.Castlelake said on Monday that an all-cash offer of 625p a share, valuing easyJet at just over £4.7bn, had been rejected on Sunday, after previous offers at 560p and 600p. Continue reading...
9 hours agoCastlelake said it had gone public with its third proposal after the EasyJet board rejected earlier offers and failed to engage meaningfully.
9 hours ago
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