EasyJet: Castelake says the company has rejected three offers, the latest of which was for 5 billion pounds
EasyJet has rejected three “indicative, non-binding” proposals from the investment fund Castelake. The fund itself announced this, stating that the low-cost airline’s board of directors, at a meeting yesterday, rejected an offer of 625 pence per share, valuing the British group at nearly 5 billion pounds (5.7 billion euros). This offer came after EasyJet had already rejected an initial bid of 560 pence per share and then one of 600 pence per share. Following the rejection of these three proposals by EasyJet’s board and given the ‘board’s unwillingness to engage in constructive dialogue’, Castlelake has announced this third proposal to allow EasyJet shareholders to ‘assess its merits and express their views’ to the board of directors before the expiry of the “Put Up or Shut-up” option next Friday at 17:00 London time.
Red-Fla-
