EasyJet Accepts £5.7bn Takeover Offer From US Firm Apollo
Budget airline EasyJet agrees to a £5.7bn takeover by US private equity firm Apollo Global Management after rival bidder Castlelake walks away.
2 sources
EasyJet has formally agreed to a £5.7bn takeover by US private equity firm Apollo Global Management. The airline announced on Thursday that it had accepted a firm acquisition offer from the American firm.[1][2]
The agreement comes after rival bidder Castlelake stated that it would no longer pursue its attempted acquisition of the no-frills carrier. With Castlelake walking away from the bidding process, EasyJet proceeded with Apollo's buyout offer.[1][2]
