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EasyJet shares soar after £5.5billion takeover approach wins board backing

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EasyJet shares soar after £5.5billion takeover approach wins board backing
EasyJet shares have surged by 12 per cent in early trading after the budget airline announced it had reached an agreement in principle with US investment firm Castlelake over a potential £5.5billion takeover. The proposed deal values the Luton-based carrier at around £5.5billion, with Castlelake offering £6.90 a share, representing a significant premium to Friday's closing price of £5.58. EasyJet's board said it w
6 Jul, 08:01