US firm goes public with £4.7bn proposal to buy easyJet after earlier bids rejected

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US investment company Castlelake has made a public £4.7 billion takeover bid for budget airline easyJet, marking its third offer. The airline rejected the all-cash proposal, labeling it as cheap, following earlier rejected bids.

Investment company Castlelake made bid public for shareholders to evaluate but carrier describes offer as ‘cheap’ Business live – latest updates The US investment firm trying to buy easyJet has gone public with its latest £4.7bn takeover proposal for the budget airline, its third and latest offer to be rejected. Castlelake said on Monday that an all-cash offer of 625p a share, valuing easyJet at just over £4.7bn, had been rejected by the airline’s board on Sunday, after previous offers at 560p and 600p. Continue reading...