Apollo Launches £5.7 Billion Takeover Bid for easyJet, Outbidding Castlelake

US private equity firm Apollo launches £5.7 billion bid for easyJet, triggering takeover battle

easyJet has agreed in principle to a £5.7 billion ($7.7 billion) takeover offer from US private equity firm Apollo, after it submitted a £7.15-per-share proposal that surpassed rival Castlelake’s £6.90-per-share bid. The higher offer has prompted easyJet’s board to withdraw its support for Castlelake’s proposal, setting the stage for a competitive bidding process for the […]

Aviation24.be•André Orban