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EasyJet accepts rival takeover bid by US investor Apollo
US private equity firm Apollo has made a higher offer for EasyJet. This new bid surpasses Castlelake's previous proposal for the British airline. EasyJet's board now favors Apollo's offer, signaling a potential bidding war. Apollo must finalize its offer by August 7 under UK regulations. The airline reported increased losses earlier this year due to soaring fuel prices.
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cityam.com
Apollo trumps Castlelake to buy Easyjet for £5.7bn
Apollo has agreed to buy budget airline Easyjet, in a shock bid that usurped a flurry of offers from alternatives asset manager Castlelake
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cnbc.com
EasyJet weighs $7.7 billion rival takeover offer from Apollo amid Castlelake interest
A bidding war has broken out for budget carrier easyJet after Apollo and Castlelake have both submitted takeover offers.
