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Topic: uk-markets

An easyJet aircraft taking off
Markets
Thursday, 6/25, 11:42 AM

EasyJet Rejects Castlelake's Fourth Takeover Bid at 650 Pence a Share

  • EasyJet's board rejected a fourth takeover proposal from U.S.
  • investment firm Castlelake — a 650-pence-a-share, all-cash offer valuing the airline at about £4.9 billion — saying it undervalues the company.
  • But it opened its books for the first time, leaving room for a higher bid before a July 5 deadline.

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