EasyJet says it is rejecting a takeover approach valued at about £4.7bn, after earlier proposals were rejected, according to reports. The approach comes from a suitor that revealed the offer figure following the rejection of its proposals. EasyJet responds by criticizing the bid as an attempt to acquire the airline “on the cheap,” arguing that the approach does not reflect what it considers fair value. The outlets also report that the airline has made its position clear in the face of the unsolicited interest, while the suitor moves to put the stated valuation on record. Details of specific terms beyond the reported overall valuation are not provided in the excerpts, and no agreement between the parties is reported. The dispute centers on valuation and the perceived adequacy of the offer, with EasyJet taking a defensive stance against the bid after its refusal of earlier proposals.