EasyJet opens talks with Castlelake after rejecting £4.9bn takeover offer
British carrier says it hopes to receive ‘more attractive proposal that better reflects the value of easyJet’Business live – latest updatesEasyJet has opened talks with Castlelake, despite rejecting a fourth takeover offer worth £4.9bn from the US investment firm, as the airline said it would open its books to its suitor in the hope of receiving a higher bid.The British budget carrier unanimously rejected the latest proposal, of 650p a share, saying it still “substantially” undervalued the company and flagging “significant questions of deliverability”. Continue reading...
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British carrier says it hopes to receive ‘more attractive proposal that better reflects the value of easyJet’
EasyJet has opened talks with Castlelake, despite rejecting a fourth takeover offer worth £4.9bn from the US investment firm, as the airline said it would open its books to its suitor in the hope of receiving a higher bid.
The British budget carrier unanimously rejected the latest proposal, of 650p a share, saying it still “substantially” undervalued the company and flagging “significant questions of deliverability”.
Continue reading...
