Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleEasyJet has labelled a potential takeover approach from US investment fund Castlelake as "opportunistic", confirming no talks have taken place. Castlelake, which owns roughly a 2.14 per cent stake in easyJet, revealed on Monday any offer would be for "no less than" 403.23p a share, valuing the airline at a minimum of £3.06 billion.EasyJet said the timing is “opportunistic” as its share price is “temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices.”The Luton-based firm acknowledged its duty to maximise shareholder value and said it would “consider any proposal, should one be made”.Under UK takeover rules, Castlelake has until 5pm on 26 June to make a firm offer or walk away.In fulleasyJet responds to takeover rumours from US investment giantThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
EasyJet labels potential US investment fund takeover ‘opportunistic’
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleEasyJet has labelled a potential takeover approach from US investment fund Castlelake as "opportunistic", confirming no talks have taken place. Castlelake, which owns roughly a 2.14 per cent stake in easyJet, revealed on Monday any offer would be for "no less than" 403.23p a share, valuing the airline at a minimum of £3.06 billion.EasyJet said the timing is “opportunistic” as its share price is “temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices.”The Luton-based firm acknowledged its duty to maximise shareholder value and said it would “consider any proposal, should one be made”.Under UK takeover rules, Castlelake has until 5pm on 26 June to make a firm offer or walk away.In fulleasyJet responds to takeover rumours from US investment giantThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
