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The Economic Times
The Economic Times

EasyJet accepts rival takeover bid by US investor Apollo

Apollo easyJet United States Castlelake United Kingdom

London: British budget airline EasyJet said Friday it reached an agreement in principle for a £5.7-billion ($7.7-billion) takeover by US private equity firm Apollo, topping a rival offer from Castlelake.

The fresh offer signals a bidding battle could now emerge between the two US investors for ownership of the British carrier.

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