US Investment Firm Apollo Bids £5.7 Billion for EasyJet, Outbidding Castlelake
TITLE: US Investment Firm Apollo Bids £5.7 Billion for EasyJet, Outbidding Castlelake
SUMMARY: US investment company Apollo has submitted a £5.7 billion takeover bid for the airline EasyJet, valuing shares at £7.15 each.
This new offer has prompted EasyJet' s management to reconsider a previously accepted £5.2 billion bid from Castlelake, potentially shifting the future direction of the major low-cost carrier.
FACTS:
US investment company Apollo submitted a takeover bid for EasyJet.
The offer is valued at £5.7 billion.
This equates to £7.15 per EasyJet share.
EasyJet' s management is evaluating Apollo' s offer.
Apollo' s bid supersedes a previously accepted offer in principle from Castlelake.
Castlelake' s previous offer was valued at £5.2 billion.
Source: Turizmguncel
