Key facts
- Castlelake has urged EasyJet investors to accept its takeover bid.
- The takeover bid is valued at £4.7 billion.
- The offer values EasyJet at 625 pence per share.
- EasyJet has rejected three previous proposals from Castlelake.
- EasyJet described the previous proposals as 'highly opportunistic'.
US investment firm Castlelake has publicly called on EasyJet shareholders to accept its latest takeover bid. The offer values the airline at £4.7 billion, with each share being offered at 625 pence. EasyJet has previously rejected three other proposals from Castlelake. The airline has characterized these earlier offers as 'highly opportunistic'. Castlelake's public appeal indicates a continued effort to acquire the budget airline, despite previous rejections. The firm is now attempting to sway investors directly, suggesting a potential shift in strategy to secure the deal.