easyJet says its board has reached an agreement in principle with a US investor regarding a takeover offer. Multiple outlets report the deal would value easyJet at about £5.7 billion, with details presented in different formats across sources (for example, some cite an implied per-share figure of 690 pence in connection with a US dollar value). One report also characterizes the proposal as a cash offer and says the board would be minded to recommend it to shareholders, subject to further steps.
Several sources note that the agreement comes after a period of negotiations and follows an earlier pattern of competing bids. CBS News says easyJet has agreed to be acquired after rejecting four previous offers from the same US private equity firm. Other reporting describes the announcement as progress amid a potential bidding war.
The agreement is described as “in principle,” indicating that it does not complete the transaction on its own. The next stage involves formal documentation and shareholder processes, including any board recommendation and agreement on final terms.
