Key facts
- Castlelake has publicly urged EasyJet shareholders to accept its takeover bid.
- The latest takeover offer values EasyJet at £4.7 billion.
- The offer values EasyJet shares at 625 pence each.
- EasyJet has rejected three previous proposals from Castlelake.
- EasyJet's board has described the offers as 'highly opportunistic'.
US investment firm Castlelake has intensified its efforts to acquire EasyJet by publicly urging the airline's shareholders to accept its latest takeover offer. The current proposal values EasyJet at £4.7 billion, with each share offered at 625 pence. This public appeal comes after EasyJet's board rejected three previous proposals from Castlelake. The airline's management has consistently described these offers as 'highly opportunistic,' indicating a belief that they undervalue the company. Castlelake's decision to go directly to shareholders signifies a more aggressive strategy to secure the deal, bypassing the airline's current leadership. The outcome of this shareholder engagement will be crucial in determining the future of EasyJet and its potential acquisition by Castlelake.