EasyJet Shares Soar on £5.5 Billion Takeover Bid from Castlelake

easyJet Castlelake takeover bid

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EasyJet shares surged 10.5% after the U.K. budget airline agreed in principle to a £5.5 billion takeover bid from U.S. private equity firm Castlelake.
The improved cash offer of $6.90 per share comes after a previous proposal was rejected.

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EasyJet shares surged 10.5% after the U.K. budget airline agreed in principle to a £5.5 billion takeover bid from U.S. private equity firm Castlelake. The improved cash offer of $6.90 per share comes after a previous proposal was rejected.

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