easyJet Rejects £4.74 Billion Takeover Bid from Private Equity Firm
easyJet's board rejected a third takeover bid of 625 pence per share (valuing the company at £4.74 billion) from private equity firm Castlelake, citing undervaluation and long-term potential. The rejection has led to increased speculation about further bids or shareholder action.
Topics: airline industry private equity takeover