Key facts
- Easyjet shareholders have rejected bids of £6.25 per share.
- Investors are demanding at least £600 million more than the current offer.
- Shareholders believe a fair offer should be closer to £7 per share.
- A valuation of £7 per share would value the airline at £5.3 billion.
Easyjet shareholders are signaling their dissatisfaction with the current takeover offer from US private equity firm Castlelake. The investors are holding out for a significantly higher price, rejecting bids of £6.25 per share. They believe that a fair valuation for the airline should be closer to £7 per share. This valuation would place the total worth of Easyjet at approximately £5.3 billion. The current rejection indicates a substantial gap of at least £600 million between what Castlelake is offering and what the shareholders deem acceptable for the company.
The shareholders' stance suggests a strong belief in the underlying value of Easyjet, prompting them to seek a more lucrative deal. The private equity firm Castlelake, known for its investment strategies, is reportedly behind the initial bids. The outcome of these negotiations will determine the future ownership of the airline and the final price at which it changes hands, if a deal is reached.