EasyJet Faces Competing Takeover Bids from Apollo and Castlelake

EasyJet Apollo Management Castlelake

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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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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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KonularApollo Management Castlelake takeover airline industry investment

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