EasyJet has rejected multiple takeover bids from Castlelake LP, with the latest offer valuing the airline at approximately £4.7 billion ($6.3 billion). Investors are holding out for a higher price, seeking at least £5.3 billion. The airline's board has rebuffed the proposals, citing undervaluation, while Castlelake has taken its offer directly to shareholders after EasyJet's lack of engagement. The investment firm's latest offer was 625 pence per share.
EasyJet has rejected three takeover proposals from the U.S. investment firm Castlelake LP, stating that the latest offer is too low. The airline's board has rebuffed multiple proposals, citing undervaluation, and investors are holding out for a higher bid. Castlelake's latest offer valued EasyJet at approximately £4.74 billion ($6.3 billion), with the offer price at 625 pence per share. EasyJet investors are seeking at least £5.3 billion for the airline. Following the rejection, Castlelake has taken its proposal directly to EasyJet shareholders, criticizing the airline's lack of engagement with the takeover talks. The board has consistently stated that the offers do not reflect the true value of the company.