EasyJet’s board has surrendered too easily to US bidder
The Guardian's Nils Pratley criticizes the board of easyJet for agreeing to a takeover bid from Castlelake too quickly. He argues the airline has strong growth potential and the board failed to negotiate aggressively enough for shareholders.
Why it matters
This highlights the tension between corporate independence and shareholder returns in the airline industry during periods of market volatility.
EasyJet has good assets and a credible path to get operational metrics closer to Ryanair. It is not a crisis-ridden business. EasyJet has good assets and a credible path to get operational metrics closer to Ryanair. It is not a crisis-ridden business. Nils Pratley on finance easyJet EasyJet’s board has surrendered too easily to US bidder Nils Pratley The company’s target to hit £1bn profitability is intact. Why isn’t the board putting up a proper fight?
The article presents a financial critique of corporate governance, focusing on market valuation rather than political ideology.
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