EasyJet Backs Takeover Offer From New Bidder Apollo Over Castlelake

EasyJet A320neo
Credit: Dan Kitwood/Getty Images
LONDON—The takeover battle for EasyJet has intensified after U.S. private equity firm Apollo Global Management eclipsed rival bidder Castlelake with a £5.7 billion ($7.6 billion) proposal, prompting the UK airline’s board to switch its support to the new offer. The July 10 proposed cash offer values...
David Casey

David Casey is Editor in Chief of Routes, the global route development community's trusted source for news and information.

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