easyJet Board Considers £5.7bn Apollo Offer Amid Bidding War

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easyJet's board is now "minded to recommend" a £5.7bn all-cash offer from Apollo, valuing the airline at £7.15p per share.
This follows a previous agreement in principle with Castlelake for a £5.5bn deal, which was later deemed undervalued.

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easyJet's board is now "minded to recommend" a £5.7bn all-cash offer from Apollo, valuing the airline at £7.15p per share. This follows a previous agreement in principle with Castlelake for a £5.5bn deal, which was later deemed undervalued.

Read the full article on Guardian UK

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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easyJet Board Considers £5.7bn Apollo Offer Amid Bidding War

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