easyJet Extends Castlelake Deadline to Match Apollo Bid
easyJet extended the deadline for Castlelake to match Apollo's £5.7 billion takeover offer as geopolitical factors pressure the airline.
7 aviation articles tagged “Castlelake”
easyJet extended the deadline for Castlelake to match Apollo's £5.7 billion takeover offer as geopolitical factors pressure the airline.
The UK Takeover Panel aligned bidding deadlines for easyJet, as Apollo Management pursues a £5.7 billion acquisition of the low-cost carrier.
EasyJet's board has withdrawn its recommendation for Castlelake after Apollo Global Management submitted a superior £5.7 billion cash takeover offer.
Castlelake has reached an agreement in principle to acquire easyJet for £5.5 billion, offering shareholders a 73% premium per share.
EasyJet has reached a preliminary agreement for a £5.2 billion buyout by Castlelake, valuing the carrier at 690 pence per share.
EasyJet rejected a £4.9 billion takeover bid from Castlelake but extended the PUSU deadline to July 5, 2026, to allow for further negotiations.
U.S. investment firm Castlelake has signaled potential interest in acquiring easyJet, triggering a June 26, 2026, deadline for a formal bid.