easyJet has reached an “agreement in principle” with US investment firm Castlelake for a potential takeover valued at around £5.23bn if the deal is finalised.
AviationSource News•Len Varley6 JulLuton based low-cost carrier easyJet (U2/EZY) has agreed in principle to a £5.2bn takeover by US investment firm Castlelake after rejecting four previous offers. The agreement will see Castlelake pay £6.90 per share for the airline, up from previous offers ranging from £5.60 to £6.50 which saw the the airline [read more]
UK Aviation News•Nick Harding5 JulThe ongoing saga regarding the potential acquisition of easyJet by investment firm Castlelake registered new developments on June…
AeroTime•Miquel Ros25 JunThe narrative just changed and easyJet’s moat starts to look more like a price tag The proposed takeover of easyJet by US investment firm Castlelake…
Aviation Business News•Rob Munro25 JunTakeover bid soundly rejected by easyJet…
Aviation Business News•Greg Whitaker24 JunThe board of easyJet has rejected the latest takeover proposal from US investment firm Castlelake, saying the offer…
AeroTime•Stephen Pope23 JunLow-cost carrier easyJet has rejected a £4.74 billion takeover proposal from investment firm Castlelake, describing the offer as “opportunistic” and not in the best interests of shareholders. Castlelake revealed that it had submitted three separate bids, the latest valuing easyJet at £6.25 per share, following earlier offers of £5.60 and £6.00 that were also rejected. […]
Aviation24.be•André Orban23 JunEasyJet rejected on Monday, June 22, a £4.74 billion ($6.4 billion) takeover proposal from U.S. investment firm Castlelake, accusing the investor of attempting to acquire the carrier at an undervalued price amid temporary market pressures. The airline said Castlelake’s latest offer significantly undervalues the business and described the bid as “highly opportunistic”, arguing that its […]
Travel Radar•Eve Powell23 Jun
easyJet has rejected a £4.74 billion takeover bid by US investment firm Castlelake, describing the offer as "highly opportunistic".
AviationSource News•Len Varley23 JunUK low-cost carrier easyJet (U2/EZY) has rejected multiple bids from US based investment group Castlelake following the deceleration of an offer period. The latest offer totalled £4.7bn which prompted the easyJet board to reject the bids and to accuse Castlelake of trying to “buy it on the cheap” however the [read more]
UK Aviation News•Nick Harding22 JunThe investment firm has until the end of this week to secure a deal.
AirlineGeeks•Zach Vasile22 JunAviation News – Castlelake has publicly disclosed a massive £4.74 billion ($6.26 billion) takeover bid for British budget carrier easyJet after the airline’s board rejected...
Castlelake's latest offer was its third attempt to acquire the airline.
Key facts from the release: Castlelake made three approaches at £5.60, £6.00, and £6.25 per share. easyJet’s board unanimously rejected
Air Insight•Addison Schonland22 Jun
Castlelake revealed on Monday that its latest all-cash offer of 625p per share — valuing EasyJet at just over £4.7bn — had been turned down
Airline Routes & Ground Services•Eddie Saunders22 Jun
US investment firm says shareholders should evaluate offer as airline argues bid undervalues the carrier
Air Data News•Ricardo Meier22 JunCastlelake’s interest in easyJet is a logical extension of private capital’s steady march from aircraft assets into airlines themselves, and
Air Insight•Addison Schonland15 JuneasyJet has entered an offer period under the UK City Code on Takeovers and Mergers after aviation-focused investment firm Castlelake announced it is considering a possible offer for the airline. The US-based investor revealed on 29 May that it is in the early stages of evaluating a potential bid for [read more]
UK Aviation News•UK Aviation News9 Jun