multi source·4h ago·4 sources analyzed
EasyJet agrees to takeover bid from Castlelake.
EasyJet has reached an agreement in principle with Castlelake on a buyout offer. The deal values the airline at approximately £5.2 billion. (sources: marketwatch, cnbc, bloomberg, reuters)
Image: marketwatch
Modern Action Briefing
EasyJet's shares increased following the announcement of a takeover bid from Castlelake at £6.90 per share. However, market reactions indicate some skepticism regarding the deal.
- EasyJet has agreed in principle to a takeover bid from Castlelake.
- The bid values EasyJet at approximately £5.2 billion.
- Shares of EasyJet rose by 10% following the announcement.
Why it matters
The outcome of this takeover bid could significantly impact EasyJet's operations and market position.
Top coverage · 4 sources
marketwatchEasyJet agrees to a takeover price. The market has its doubts on the deal.cnbcEasyJet shares soar 10% as budget airline agrees $7.3 billion Castlelake takeoverbloombergEasyJet Agrees to Castlelake’s £5.2 Billion Takeover OfferreuterseasyJet agrees in principle on Castlelake's sweetened £6.90 per share bid