economy
EasyJet rejects £4.7bn takeover bid from Castlelake
US private credit group goes public with latest 625p-a-share offer after airline’s board refuses to engage
TL;DR
- EasyJet's board has rejected a takeover offer from Castlelake.
- The offer from the US private credit group is 625 pence per share.
- The proposed acquisition values EasyJet at £4.7 billion.
- EasyJet's board has refused to engage with Castlelake's offer.