EasyJet rejects £4.7bn takeover offer from US investment firm Castlelake
EasyJet has rejected a £4.7bn takeover bid from US investment firm Castlelake, labeling the offer opportunistic and undervalued. Castlelake has made the details public to pressure the airline's board and shareholders.
Why it matters
This high-profile takeover attempt highlights ongoing consolidation pressures and valuation debates within the European aviation sector.
Share Save Add as preferred on Google Faarea Masud , Business reporter and Theo Leggett , Business correspondent Getty Images EasyJet has rejected a takeover offer worth £4.74bn from US investment firm Castlelake, accusing it of trying to buy the airline "on the cheap".
The report presents both the airline's rejection and the investment firm's justification neutrally.
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