Key facts
- EasyJet stated it has not received a takeover proposal from Castlelake.
- EasyJet described the potential bid as 'highly opportunistic'.
- Castlelake holds a 2.14% stake in easyJet.
- Castlelake must make a formal offer by June 26.
- EasyJet's stock had fallen 22% year-to-date prior to the reports.
Castlelake LP, an investment firm, has reportedly been considering a takeover bid for EasyJet, a UK budget airline. This news caused easyJet's stock to jump 10%. However, EasyJet has stated that it has not received any proposal and is not in discussions, characterizing the timing as 'highly opportunistic' due to recent stock performance pressures from the Middle East conflict and increased fuel costs.