EasyJet is poised to become the latest British company to fall into foreign hands, following an agreement in principle for a proposed takeover by US suitor Castlelake, valued at up to £5.5 billion.
The Luton-based carrier announced on Sunday that the £6.90-a-share approach, the fifth from the American investment firm, was "at a value that the board would be minded to recommend to easyJet shareholders" should a formal offer be tabled.
