British budget carrier easyJet is rumored to have come under the radar of U.S. investment firm Castlelake for a possible takeover.
While easyJet has called the timing "highly opportunistic," analysts say its low valuation, slots at key airports and stable fleet make it a prime takeover target as it has struggled to boost its market capitalization since the COVID-19 pandemic.
"Few people can resist a bargain," said Chris Beauchamp, chief market analyst at trading platform IG.
Shares underperform rivals
The British carrier's shares have underperformed peers like Ryanair, making it attractive to potential suitors.
