EasyJet opens talks with Castlelake after rejecting £4.9bn takeover offer

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EasyJet has rejected a £4.9bn takeover offer from US firm Castlelake but has opened talks to receive a more attractive bid. The British airline hopes to secure a proposal that better reflects its value, signaling ongoing deal negotiations.

British carrier says it hopes to receive ‘more attractive proposal that better reflects the value of easyJet’ Business live – latest updates 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...