EasyJet Agrees to £5.7bn Takeover Bid from Apollo Management

EasyJet Apollo Management takeover

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No-frills airline EasyJet has accepted a £5.7bn takeover proposal from US firm Apollo Management, surpassing a previous bid from Castlelake.
Apollo's offer of £7.15 per share is superior to Castlelake's £6.90, leading EasyJet to withdraw its recommendation for the earlier bid.

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No-frills airline EasyJet has accepted a £5.7bn takeover proposal from US firm Apollo Management, surpassing a previous bid from Castlelake. Apollo's offer of £7.15 per share is superior to Castlelake's £6.90, leading EasyJet to withdraw its recommendation for the earlier bid.

Read the full article on BBC Business

No-frills airline EasyJet has received a superior takeover proposal from US firm Apollo Management for £5.7bn, surpassing a previous agreement in principle with rival suitor Castlelake. Apollo's offer of £7.15 per share is higher than Castlelake's £6.90, with regulatory hurdles concerning EU ownership remaining.

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