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The Latest Breaking News from Castlelake

EasyJet profits plunge 70% as fuel costs soar amid Iran war

Budget airline, which has two US investment firms vying to buy it, also affected by passengers booking later

The Guardian - UK

Vodafone gains help FTSE 100 close higher amid calmer trading

The FTSE 100 closed at 10,497.29, up some 24.84 points.

Evening Standard

Two bidders are better than one. But easyJet’s exit is depressing for the London market

Once again a mispriced share price created opening for US raiders to rush in

The Guardian - UK

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EasyJet Shares Jump As Apollo Launches Higher $7.7 Billion Takeover Bid. Rival Offer From Castlelake Loses Board Support.

EasyJet shares surged Friday after the British budget airline said it is considering a higher takeover proposal from Apollo Global Management valued at about $7.7 billion, replacing its earlier support for a rival bid from Castlelake.

International Business Times

Apollo hijacks easyJet takeover with £5.7bn bid, trumping Castlelake

The budget airline easyJet has swung behind a £5.7 billion (€6.6bn) takeover proposal from the US private equity giant Apollo, abandoning its support for a rival American bidder days after agreeing to that offer.

Euronews

EasyJet shares soar by 13% after it accepts takeover bid from US firm

The London Stock Exchange is set to lose another firm, snapped up by private equity

The Independent UK

EasyJet accepts rival takeover bid by US investor Apollo

US private equity firm Apollo has made a higher offer for EasyJet. This new bid surpasses Castlelake's previous proposal for the British airline. EasyJet's board now favors Apollo's offer, signaling a potential bidding war. Apollo must finalize its offer by August 7 under UK regulations. The airline reported increased losses…

The Economic Times

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EasyJet agrees to rival £5.7bn takeover bid by US giant Apollo

The airline said it had reached an agreement in principle for an offer worth £7.15 per easyJet share.

Evening Standard

EasyJet finally agrees to rival £5.7bn takeover bid from US giant

The airline said it had reached an agreement in principle for an offer worth £7.15 per share

The Independent UK

Apollo gatecrashes easyJet sale with surprise £5.7bn takeover offer – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

US private equity firm Apollo enters bidding war for easyJet with £5.7bn offer

Airline’s board ‘minded to recommend’ deal – after agreeing in principle to accept rival one from Castlelake

The Guardian - UK

EasyJet’s board has surrendered too easily to US bidder

The company’s target to hit £1bn profitability is intact. Why isn’t the board putting up a proper fight?

The Guardian - UK

easyJet's Board Backed A Takeover Deal. Its Stock Is Soaring.

easyJet shares surged in London trading after the airline agreed in principle to an improved takeover proposal from U.S. investment firm Castlelake valued at about $7.3 billion.

International Business Times

EasyJet shares reveal deal risk as $7.3 billion takeover advances

EasyJet shares surged after agreeing in principle to a £5.5 billion takeover by Castlelake, though the stock remained below the offer price amid concerns over EU ownership rules and deal structure. Analysts flagged regulatory and shareholder approval risks, while the bidder must formalise its offer by August 3.

The Economic Times

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The Guardian - UK

EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid

Airline’s board to recommend offer of £6.90 a share in deal analysts say shows UK firms are being bought on the cheap

Evening Standard

Stocks mixed as weak miners weigh in muted trade

Data showed the UK construction sector remained deep in contraction during June, although the pace of decline eased slightly from May’s six-year low.

The Economic Times

EasyJet shares rally 10% on potential $7.3 billion acquisition by Castlelake

EasyJet shares jumped nearly 10% after the airline reached an agreement in principle with US investment firm Castlelake over a potential $7.3 billion acquisition. Castlelake's revised offer of £6.90 per share represents a nearly 24% premium to easyJet's previous closing price.

Euronews

EasyJet shares jump 10% as board backs Castlelake takeover proposal

The budget airline said it has reached ‘an agreement in principle’ with US investment firm Castlelake.

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news in one place.

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The Economic Times

Global Market: European shares steady as investors track deal activity; easyJet jumps on takeover proposal

European shares held steady as dealmaking took center stage, with a potential takeover of easyJet by Castlelake boosting travel stocks. Declining oil prices also supported sentiment, though geopolitical tensions remain a concern. Ferrari's new manual gearbox sports car launch pleased enthusiasts, while Thales' drone acquisition plans were noted. Investors are…

The Independent UK

EasyJet shares surge as £5.5bn US buyout bid reaches final stages

EasyJet shares jumped more than 10 per cent in early trading on Monday as bid moved closed to completion

Evening Standard

EasyJet shares surge after reaching outline £5.5bn buyout proposal from US firm

The budget airline said it would be ‘minded’ to accept Castlelake’s higher approach worth £6.90 a share.

The Independent UK

EasyJet agrees ‘in principle’ to £5.2bn offer from US investor

The agreement marks huge progress for the companies after months of fraught negotiations

The Guardian - UK

EasyJet suggests it will agree to £5.5bn takeover by US investment firm

Agreement in principle with Castlelake follows several rejected offers and means UK’s biggest low-cost carrier will be taken private

Evening Standard

European stocks climb as Dow Jones hits new high

The FTSE 100 closed up 68.26 points, 0.7%, at 10,529.89.

The Guardian - UK

EasyJet opens talks with Castlelake after rejecting £4.9bn takeover offer

British carrier says it hopes to receive ‘more attractive proposal that better reflects’ its value

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