EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid
EasyJet shares rose nearly 10% after the airline accepted a £5.5bn takeover bid from US private equity firm Castlelake. The deal follows four previously rejected offers and signals a trend of UK companies being acquired at lower valuations.
Why it matters
The acquisition of a major European airline by a private equity firm highlights ongoing consolidation and valuation trends in the aviation sector.
EasyJet’s deal with the US private equity firm Castlelake comes after it rejected four previous offers from the same bidder. EasyJet’s deal with the US private equity firm Castlelake comes after it rejected four previous offers from the same bidder. easyJet EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid Airline’s board to recommend offer of £6.90 a share in deal analysts say shows UK firms are being bought on the cheap
The report provides market facts and analyst commentary on the valuation of UK firms.
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