British budget carrier EasyJet rejected a fourth, sweetened £4.93 billion (€5.7 billion) takeover offer from US-based investment firm Castlelake on Thursday, but said it would grant the suitor limited access to commercial information in hopes of drawing a higher offer. “The board believes that giving Castlelake access to limited commercial information, as Castlelake sought in the letter which contained the Fourth Proposal, might produce a more attractive proposal,” EasyJet said in a statement.The £6.50-per-share proposal was higher than Castlelake’s previous £6.25 per share offer.Castlelake’s deadline to table a firm offer has been extended to July 5th under UK takeover rules. - Reuters
EasyJet rejects Castlelake’s takeover proposal
Budget carrier says it will grant limited access to commercial data to draw higher offer










