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The Latest Breaking News from Castlelake

EasyJet bidder is still offering less than a full ticket

Castlelake’s offer does not feel close to a knockout price – and it still needs to get shareholders (and Stelios) onboard

The Guardian - UK

Pound holds firm as Starmer confirms he will stand down

The FTSE 100 closed up 74.58 points, or 0.7%, at 10,437.85.

Evening Standard

EasyJet rejects €5.9bn takeover offer from US private equity firm

British no-frills airline EasyJet has rejected three informal takeover proposals from a US private equity firm, the latest totalling nearly €5.9bn (£5 billion), the two sides revealed on Monday.

Euronews

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EasyJet rejects £4.7bn takeover bid from US investment fund

The airline has blasted a third approach from Castlelake as an attempt to buy the airline ‘on the cheap’

Evening Standard

easyJet rejects £4.7 billion takeover bid from US investment firm

The UK airliner branded Castlelake’s initial interest as ‘highly opportunistic’ in its first response

The Independent UK

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

Investment company Castlelake made bid public for shareholders to evaluate but carrier describes offer as ‘cheap’

The Guardian - UK

EasyJet suitor reveals takeover approach worth £4.7bn after proposals rejected

Castlelake put forward a third approach to acquire easyJet on June 20 worth 625p a share, but said this was rejected on June 21.

Evening Standard

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EasyJet is an obvious takeover target, but US approach may not be a flyer

Castlelake’s move raises questions over valuation and ownership rules as well as whether Stelios Haji-Ioannou could throw a spanner in the works

The Guardian - UK

Stocks slide and oil spikes as peace talks falter

Iranian news agency Tasnim reported that Tehran had suspended dialogue with mediators in protest against Israel’s expanding Lebanon offensive.

Evening Standard

EasyJet says possible US bid 'highly opportunistic' as shares jump 10%

EasyJet responded on Monday by saying it has not held talks with Castlelake but it would assess any potential offer if one was made, noting its stock price was "temporarily depressed" by the war's impact on jet fuel prices and customer confidence.

The Economic Times

EasyJet shares rally as Castlelake weighs possible takeover offer

The budget airline's stock rose more than 12% after Castlelake said it was considering a possible offer. Prior to the rally, easyJet shares had fallen by around 23% over the past year against a backdrop of higher fuel costs and uncertainty linked to tensions in the Middle East.

Euronews

EasyJet labels potential US investment fund takeover ‘opportunistic’

IN FULL

The Independent UK

EasyJet says US takeover bid would be ‘highly opportunistic’

Airline’s shares hit highest level in three months as investment group Castlelake says it is considering offer

The Guardian - UK

easyJet responds to takeover rumours from US investment giant

The budget airline said it is in a strong financial position

The Independent UK

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Evening Standard

EasyJet says takeover tilt from US firm would be ‘highly opportunistic’

The Luton-based airline said it has not yet held discussions with, or had any takeover proposal, from Castlelake.

Top News

Brookfield To Invest Brookfield To Invest Top News.5 Billion In Castlelake Private Credit.5 Billion In Castlelake Private Credit

Brookfield Asset Management to invest Brookfield To Invest Top News.5 Billion In Castlelake Private Credit.5 billion in Castlelake, expanding private credit market presence and driving success in alternative investments.

The Independent UK

Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced

Shares in Scandinavian Airlines have dropped more than 90% after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased

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