EasyJet agrees to £5.7bn takeover by US firm

The no-frills carrier agrees to be bought by US firm Apollo after a rival suitor drops out.

Castlelake walks away from easyJet takeover battle

Withdrawal clears the way for Apollo to buy budget airline

EasyJet confirms takeover by US private equity firm Apollo

The British low-cost airline confirmed the £5.7 billion sale. The deal is expected to be completed by the end of the first quarter of next year, it added.

Apollo agrees to buy UK airline EasyJet in $7.7 billion deal as Castlelake withdraws

EasyJet shares tumbled Thursday after Castlelake said it would not be bidding for the U.K. airline.

EasyJet set for £5.7bn Apollo takeover after rival bidder walks away

The move will see the US firm, which also owns Wagamama-owner The Restaurant Group, pay shareholders 715p per share for the business.

By Henry Saker-Clark

Easyjet agrees to £5.7bn Apollo takeover after Castlelake walks away

Two US private capital groups had vied to buy low-cost carrier

By Peter Campbell

EasyJet agrees $7.7 billion takeover by Apollo as Castlelake walks away

Apollo Global has agreed to buy easyJet in a deal that values the European budget airline at about £5.70 billion ($7.7 billion), the companies said on Thursday, as rival suitor Castlelake abandoned its pursuit. The deal ends months of uncertainty surrounding one of Europe’s biggest low-cost airlines as the industry grapples with rising costs from […]