The proposal placed by Apollo values easyJet at 7.15 pounds a share, above Castlelake’s 6.90-pound offer, which the budget carrier’s board had agreed to recently...
The new offer at 6.90 pounds a share represents a 73% premium to easyJet's closing price on May 29, when Castlelake disclosed its interest in the airline...
While easyJet has called the Castlelake's offer "highly opportunistic", analysts say the company's low valuation, key airport slots and stable fleet make it a prime takeover target...