After rejecting four previous overtures as “highly opportunistic”, easyJet has rolled over, said Kate Duffy on Bloomberg.Following a month-long siege, the British budget airline has agreed in principle to be bought by the US private equity investor Castlelake, for an improved offer of £6.90 per share in cash, or about £5.5 billion – assuming it can steer its bid around tough EU rules on airline ownership.
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