EasyJet agrees in principle to rival £5.7bn takeover bid
EasyJet agrees in principle to rival £5.7bn takeover bidImage source, ReutersPublished14 minutes agoNo-frills airline EasyJet says it has agreed in principle to a £5.7bn takeover proposal from US firm Apollo...
July 31 — İsrail x Hizbullah ile kalıcı barış anlaşması...?
Here is the latest breaking news from around the world: EasyJet agrees in principle to rival £5. 7bn takeover bidImage source, ReutersPublished14 minutes agoNo-frills airline EasyJet says it has agreed in principle to a £5.
7bn takeover proposal from US firm Apollo Management. The bid trumps a previous bid from US investment firm Castlelake that EasyJet had also agreed to in principle at the weekend.
The Details
EasyJet said that under the Apollo proposal, shareholders would receive £7. 15 per share, compared to £6.
90 under the Castlelake offer. The airline said Apollo's offer delivered "a superior outcome" for its shareholders and as a result it was "no longer minded" to recommend the Castlelake bid.
The story has become one of the most prominent items on the global agenda.
