EasyJet rejects multiple takeover approaches from US private credit group Castlelake, as the airline’s board does not engage with the latest offer. Several outlets report that Castlelake makes its bid public after EasyJet declines to respond, with the proposal valuing the airline at about £4.7 billion and around 625p per share. BBC Business and The Independent say EasyJet describes the approach as “highly opportunistic,” while the Evening Standard adds that the airline characterizes the offer as an attempt to buy it “on the cheap.”
At least one report notes the offer follows earlier bid activity and is treated by EasyJet as a third approach, with the company continuing to refuse discussions. Investing.com reports that EasyJet shares rise after the board rejects Castlelake’s bid, suggesting investors react to the rejection even as the proposed price remains widely cited across coverage. Overall, the accounts agree that the bid is tied to a per-share figure near 625p, that EasyJet formally rejects the approach, and that Castlelake’s renewed interest and public disclosures frame the latest move.
