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Companies Volkswagen Plans to Halve Its Model Range and Cap Output at 9 Million CarsEconomy Why Fish and Chips Keeps Getting More ExpensiveTech EU Lawmakers Fail to Block an Extension of Chat-Message Scanning RulesMarkets Apollo Gatecrashes the easyJet Takeover With a £5.7 Billion BidMarkets SK Hynix Raises $26.5 Billion in the Biggest-Ever US Listing by a Foreign CompanyCompanies Disney Weighs a Free, Ad-Supported Disney+ Tier as YouTube GainsEconomy India Deepens Its Smartphone-Making Boom With a New Vivo VentureCrypto Polymarket Files to Offer Margin Trading on Its Prediction MarketsCompanies Volkswagen Plans to Halve Its Model Range and Cap Output at 9 Million CarsEconomy Why Fish and Chips Keeps Getting More ExpensiveTech EU Lawmakers Fail to Block an Extension of Chat-Message Scanning RulesMarkets Apollo Gatecrashes the easyJet Takeover With a £5.7 Billion BidMarkets SK Hynix Raises $26.5 Billion in the Biggest-Ever US Listing by a Foreign CompanyCompanies Disney Weighs a Free, Ad-Supported Disney+ Tier as YouTube GainsEconomy India Deepens Its Smartphone-Making Boom With a New Vivo VentureCrypto Polymarket Files to Offer Margin Trading on Its Prediction Markets

Topic: apollo

An easyJet Airbus A320 aircraft
New Markets
Friday, 7/10, 07:37 AM

Apollo Gatecrashes the easyJet Takeover With a £5.7 Billion Bid

  • A takeover fight has broken out over easyJet.
  • The US private-equity firm Apollo has gatecrashed a deal the budget airline had provisionally agreed with rival Castlelake, offering about £5.7 billion, or 715 pence a share, and easyJet's board has switched its backing to the higher bid.
  • The shares jumped around 14%.

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