EasyJet agrees to £5.7bn takeover by US firm
EasyJet has formally accepted a £5.7bn takeover offer from US private equity firm Apollo Global Management following the withdrawal of rival bidder Castlelake.
2 sources
EasyJet has formally agreed to a £5.7bn takeover from US private equity firm Apollo Global Management. The no-frills carrier announced on Thursday that it had accepted a firm offer from the US investment company.[1][2]
The agreement was announced after rival bidder Castlelake walked away from the process. Castlelake stated that it would no longer pursue its own attempted acquisition of the airline, leaving Apollo to proceed with the takeover.[1][2]
