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.
Aug 4, 20265 min
Airlines
3 aviation articles tagged “uk takeover panel”
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.
US firm Castlelake has bypassed the easyJet board to present its £4.7 billion, 625p-per-share takeover bid directly to shareholders.