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EasyJet bidder is still offering less than a full ticket | Nils Pratley
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EasyJet bidder is still offering less than a full ticket | Nils Pratley
Castlelake’s offer does not feel close to a knockout price – and it still needs to get shareholders (and Stelios) on board
It’s an obvious tactic for a would-be bidder to deploy when its offers have been rejected three times by the target’s board of directors: go public with the proposed terms and hope the shareholders demand new talks.
Castlelake’s playbook at easyJet is standard stuff and, since the “put up or shut…
22 Jun, 16:24
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