EasyJet rejects Castlelake’s third £4.7bn takeover bid

US firm Castlelake makes £4.7bn hostile offer for easyJet  The TimesEasyJet rejects £4.7bn takeover offer from US investment firm Castlelake  BBCEasyJet bidder is still offering less than a full ticket | Nils Pratley  The GuardianeasyJet (Announcement): takeover proposals rejected  Hargreaves LansdownCastlelake sets out $6.3 billion easyJet bid backed by airline execs  Reuters

EasyJet founder courted by US hostile bidder  The TelegraphEasyJet rejects £4.7bn takeover offer from US investment firm Castlelake  BBCEasyJet bidder is still offering less than a full ticket  The GuardianEasyJet rejects £4.7bn takeover bid from Castlelake  Financial TimesCastlelake sets out $6.3 billion easyJet bid backed by airline execs  Reuters

The airline said it had concluded that the latest offer 'represents an opportunistic attempt to acquire easyJet "on the cheap"'.

EasyJet 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

EasyJet 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)