EasyJet Agrees 'In Principle' to £5.2bn Takeover Deal
EasyJet has agreed 'in principle' to a £5.2 billion takeover deal, following previous rejections of four offers from US investment firm Castlelake. This marks a significant development after EasyJet shares had previously surged on news of a £5.5 billion bid.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)Sources
EasyJet agrees 'in principle' to £5.2bn takeover deal
The low-cost airline had previously rejected four takeover offers from US investment firm Castlelake.
Read full article →EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid
Airline’s board to recommend offer of £6.90 a share in deal analysts say shows UK firms are being bought on the cheap Shares in easyJet surged nearly 10% after the airline agreed to a £5.5bn takeover at the fifth attempt, but analysts said that it showed UK firms were being bought on the cheap. The low-cost carrier’s board will recommend shareholders accept an offer price of £6.90 a share from Castlelake, a US private equity firm, after rejecting four previous bids of as little as £5.60 per s...
By Gwyn Topham Transport correspondent
Read full article →