Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleEasyJet has labelled a potential takeover approach from US investment fund Castlelake as "opportunistic", confirming no talks have taken place. Castlelake, which owns roughly a 2.14 per cent stake in easyJet, revealed on Monday any offer would be for "no less than" 403.23p a share, valuing the airline at a minimum of £3.06 billion.EasyJet said the timing is “opportunistic” as its share price is “temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices.”The Luton-based firm acknowledged its duty to maximise shareholder value and said it would “consider any proposal, should one be made”.Under UK takeover rules, Castlelake has until 5pm on 26 June to make a firm offer or walk away.In fulleasyJet responds to takeover rumours from US investment giantThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

US-based investment firm Castlelake confirmed it is in the 'early stages' of weighing up a potential takeover offer for budget airline easyJet following recent speculation

Budget airline carrier Easyjet has drawn takeover interest from private credit firm Castlelake.

Easyjet said the takeover interest from Castlelake had "highly opportunistic timing" after its share price woes from the Iran war.

The Luton-based airline said it has not yet held discussions with, or had any takeover proposal, from Castlelake.

The Luton-based airline said it has not yet held discussions with, or had any takeover proposal, from Castlelake.

EasyJet said interest from US-based investment firm Castlelake emerged as its shares came under pressure over the Iran conflict's impact on fuel costs and travel demand

Airline’s shares hit highest level in three months as investment group Castlelake says it is considering offer

The budget airline said it is in a strong financial position

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US private credit group Castlelake says it is considering an approach for low-cost carrier

No-frills airline easyJet has dismissed a takeover approach from a US investment firm as "highly opportunistic" as shares in the budget airline jumped as much as 13% this morning

The budget airline's stock rose more than 12% after Castlelake said it was considering a possible offer. Prior to the rally, easyJet shares had fallen by around 23% over the past…

EasyJet responded on Monday by saying it has not held talks with Castlelake but it would assess any potential offer if one was made, noting its stock price was "temporarily…

Castlelake’s move raises questions over valuation and ownership rules as well as whether Stelios Haji-Ioannou could throw a spanner in the works

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...

The Minneapolis-based investment firm already holds about 2.14% of easyJet's shares and says any offer would be priced at no less than 403.23 pence per share