No-frills airline EasyJet says it has agreed in principle to a £5.7bn takeover proposal from US firm Apollo Management.
The bid trumps a previous bid from US investment firm Castlelake that EasyJet had also agreed to in principle at the weekend.
EasyJet said that under the Apollo proposal, shareholders would receive £7.15 per share, compared to £6.90 under the Castlelake offer.
The airline said Apollo’s offer delivered “a superior outcome” for its shareholders and as a result it was “no longer minded” to recommend the Castlelake bid.
Source link 2026-07-10 12:25:00 www.bbc.co.uk https://www.bbc.co.uk/news/articles/cgjxqq9jg8yo?at_medium=RSS&at_campaign=rss
