EasyJet reaches 'agreement in principle' over potential takeover

The low-cost airline had previously rejected four takeover offers from US investment firm Castlelake.

EasyJet reaches outline agreement on £5bn takeover by Castlelake

Airline’s board says it is minded to recommend proposal by US private credit group

EasyJet agrees to £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 EasyJet has agreed a £5bn takeover by US investment firm Castlelake that will see Britain’s biggest low-cost airline taken private. The companies announced an agreement in principle on Sunday evening in a statement to the stock market, and requested an extension to a deadline to complete the deal formally. The agreement came after weeks of negotiations and seve...

By Jasper Jolly

UK budget airline easyJet ready to accept $7.3 billion takeover bid from Castlelake

The new offer ⁠at £6.90 a share represents a 73% premium to easyJet's closing price on May 29.

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.

By Holly Williams

EasyJet agrees in principle to $6.9B takeover offer from Castlelake

EasyJet reaches ‘agreement in principle’ over potential takeover

EasyJet has reached an agreement in principle with a US investment firm on a potential takeover offer valued at around £5.2 billion.

By Abubakar Ibrahim