EasyJet Rejects Castlelake’s £6.50-a-Share Fourth Bid, Seeks Higher Offer by July 5
Updated
Updated · Bloomberg · Jun 25
EasyJet Rejects Castlelake’s £6.50-a-Share Fourth Bid, Seeks Higher Offer by July 5
3 articles · Updated · Bloomberg · Jun 25
Summary
EasyJet turned down Castlelake’s latest £6.50-a-share proposal, marking the fourth time the airline has rejected a sweetened approach from the US investment firm.
July 5 is now the deadline EasyJet wants for a firm offer, with the board signaling it would consider a higher bid that better reflects the carrier’s value and prospects.
EasyJet said the current terms do not adequately serve shareholder interests, framing the extension request as a way to draw out a more attractive proposal.
The move keeps takeover talks alive rather than ending them, leaving Castlelake under pressure to raise its offer if it wants to secure the budget airline.