Castlelake

Private-equity firm Apollo has launched a $7.7B bid for budget airline easyJet, following a $7.3B offer from Castlelake days earlier. The competing offers could trigger a bidding war for the airline.

Apollo, a US investment giant, outbid Castlelake in a last-minute twist during the takeover battle for the UK budget airline easyJet.

British budget airline EasyJet has agreed to a £5.7-billion takeover by U.S. private equity firm Apollo, surpassing a rival bid from American private equity investor Castlelake. The deal marks a strategic shift for the airline amid competing offers.

British budget airline EasyJet has agreed to a £5.7-billion takeover by U.S. private equity firm Apollo, surpassing a competing bid from American private equity firm Castlelake.

easyJet's stock rose 14% as Apollo and Castlelake submit takeover bids for the budget airline. Apollo's proposed bid is valued at $7.7 billion.

US private equity firm Apollo has entered a bidding war for easyJet with a £5.7bn all-cash offer. The airline’s board is 'minded to recommend' the deal after previously accepting a rival offer from Castlelake earlier this week.

US private equity firm Apollo has made a £5.7bn offer for easyJet, which the airline’s board is minded to recommend to shareholders. This follows a prior offer from rival firm Castlelake earlier in the week.

Apollo has submitted a rival bid for EasyJet that surpasses Castlelake's offer. The article references an EasyJet passenger aircraft at London Luton Airport.

EasyJet shares rose nearly 10% after the airline agreed to a £5.5bn takeover by US private equity firm Castlelake, with the board recommending a £6.90 per share offer. The deal follows four previous rejected bids and reflects analysts' views that UK firms are being acquired at lower prices.

EasyJet, a UK airline, has reached an outline agreement for a £5.5bn takeover by Castlelake, a US private credit group. The airline’s board is considering recommending the proposal.

EasyJet has accepted Castlelake's $5 billion bid in principle. The agreement marks a significant corporate development for the airline.

EasyJet has agreed to a £5bn takeover by US investment firm Castlelake, making the UK's largest low-cost airline private. The deal follows several rejected offers and an agreement in principle announced to the stock market.

EasyJet has agreed to a £5.2 billion takeover offer from Castlelake. The article also mentions Europe's need for increased jet fuel supplies to maintain summer imports.

EasyJet has rejected a fourth takeover bid from US firm Castlelake but has raised hopes that a deal could still be finalized. The airline continues to engage in discussions despite the latest rejection.

EasyJet has rejected a £4.9bn takeover offer from US investment firm Castlelake, stating the proposal undervalues the company. The airline is now engaging in talks with Castlelake, hoping for a 'more attractive proposal that better reflects' its value.

EasyJet has rejected a £4.9bn takeover offer from a US private credit group and is now in talks with Castlelake. The offer was submitted on Tuesday but declined by the budget airline.

EasyJet has rejected the latest bid from Castlelake but remains open to further discussions. The airline's decision leaves room for potential future negotiations despite turning down the offer.

EasyJet has rejected a third £4.7 billion bid from Castlelake, which it described as 'highly opportunistic'. The airline has previously turned down similar offers from the investment firm.

EasyJet has rejected takeover bids from Castlelake. The airline's decision marks a rejection of the proposed acquisition attempt.

US investment firm Castlelake has made a third rejected £4.7bn bid to acquire easyJet, offering 625p per share in cash. The airline's board described the proposal as 'cheap' and previously rejected lower offers at 560p and 600p.

EasyJet has rejected a £4.7bn takeover bid from Castlelake, a US private credit group, after the airline’s board refused to engage with the offer.

EasyJet has rejected three separate overtures from Castlelake. An EasyJet aircraft is pictured at London Southend Airport.

Castlelake, a US private credit group, is seeking a partner to bid on easyJet while complying with EU rules requiring majority ownership by EU nationals. The bid must navigate regulations that mandate airline ownership by EU citizens.

Castlelake, a $37bn private credit lender, is largely unknown in the UK but may gain attention if it bids on easyJet, the British budget carrier. The article highlights Castlelake's potential move as a significant development.

Castlelake, a US investment fund, is considering a takeover of easyJet, but skepticism remains due to valuation discrepancies and regulatory challenges. EasyJet criticized the bid as 'highly opportunistic,' while the airline's stock showed a muted 10% increase, reflecting market doubt.

EasyJet has labeled a potential £3bn takeover bid by US investment firm Castlelake as 'highly opportunistic.' Castlelake, which already owns a 2.14% stake in the airline, is considering an offer valuing easyJet at 403p per share, pushing the company's shares to a three-month high.

EasyJet states that a takeover bid would be 'highly opportunistic' as its shares rise. US private credit group Castlelake is considering an approach for the low-cost carrier.

Castlelake is considering making an offer to acquire UK-based airline EasyJet. The article also mentions the need for Europe to secure new jet fuel supplies to maintain summer travel levels.