The Iran War has caused fuel prices to surge, threatening airline economics.
Apollo acquires EasyJet for $7.7B ($9.62/share), beating Castlelake for Europe's second-largest budget airline. Consolidation signals M&A momentum in legacy transport; impacts B2B supply-chain costs and operational margins amid fuel volatility.
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Apollo Global Management on Thursday agreed to buy EasyJet for around $7.7 billion, beating out private equity rival Castlelake.
Why it matters: EasyJet is one of Europe's largest airlines, and its second-largest budget carrier.
Zoom in: Apollo will pay £7.15 ($9.62) per share, with EasyJet stockholders given the option to either take cash or to roll their shares over into stub equity.
The two bids come at a time when EasyJet and other airlines face soaring jet fuel prices and suppressed demand. Read more at…
Apollo has agreed to buy budget airline Easyjet, in a shock bid that usurped a flurry of offers from alternatives asset manager…
EasyJet shares tumbled Thursday after Castlelake said it would not be bidding for the U.K. airline.
British airline EasyJet said on Friday it is considering a takeover bid worth $7.7 billion from U.S. investment firm Apollo…
Low-cost airline says offer ‘delivers a superior outcome for easyJet shareholders’
Apollo Global Management made a $7.65 billion all-cash bid for easyJet at £7.15 per share, topping Castlelake's £6.90 offer and…
Investeringsmaatschappij Apollo koopt easyJet voor 6,6 miljard euro
