EasyJet’s board has surrendered too easily to US bidder

The company’s target to hit £1bn profitability is intact. Why isn’t the board putting up a proper fight? Some foreign takeover swoops on UK listed companies are easier to swallow than others. Sometimes it is hard to mount an argument that shareholders should stick to the virtuous path of independence and say no to an offer of hard cash at a fat premium. The current £10bn bid for Intertek, the FTSE 100 product testing and quality inspection firm that had been going sideways for a while, probab...

By Nils Pratley