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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

US firm goes public with £4.7bn proposal to buy easyJet after earlier bids rejected

easyJet Castlelake United States European Union Peter Bellew Ryanair Wizz Air
People sit on a Corfu jetty as an easyJet aircraft flies low over a lagoon
EasyJet is Europe’s second-biggest low-cost airline, behind Ryanair. Photograph: Roman Pilipey/AFP/Getty Images

The US investment firm trying to buy easyJet has gone public with its latest £4.7bn takeover proposal for the budget airline, its third and latest offer to be rejected.

Castlelake said on Monday that an all-cash offer of 625p a share, valuing easyJet at just over £4.7bn, had been rejected by the airline’s board on Sunday, after previous offers at 560p and 600p.

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