Published on
10/07/2026 - 10:56 GMT+2
EasyJet said on Friday it had agreed in principle to Apollo Global Management's cash offer of £7.15 a share, worth about £5.7 billion (€6.6bn), which the board judged a "superior outcome" for shareholders than the £6.90 a share tabled by US private equity firm Castlelake.
Having accepted Castlelake's proposal only last Sunday, the Luton-based airline said it was "no longer minded to recommend" it.
Investors welcomed the auction as easyJet shares climbed around 15% to roughly £6.75 on Friday morning, their highest level since early 2022, though they remain below Apollo's offer price.
