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Easyjet extends window for another Castlelake bid
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NEWSDECK ANALYSIS
Easyjet's consideration of takeover bids comes amid a period of consolidation and investment in the aviation industry, with various airlines and asset managers exploring potential deals. The company's decision to extend the window for another Castlelake bid suggests that it is keeping its options open, despite having already agreed to a deal with Apollo. The valuation of Easyjet's stock at £7.15 per share as part of the Apollo deal provides a benchmark for any potential alternative offers.
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Easyjet extends window for another Castlelake bid
Easyjet has extended the window for another takeover bid from asset manager Castlelake after its offer was usurped by investment giant Apollo last month. The budget airline said on Monday that it was still set to recommend the Apollo deal to shareholders, which values its stock at £7.15 per share, but would extend Castlelake’s deadline [...]
3 Aug, 06:28
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