EasyJet Gets Surprise Apollo Offer That Beats Castlelake Bid
Bloomberg 2026-07-10 06:07:25
Context: EasyJet Plc, a UK budget carrier, has become the target of a surprise offer from private equity firm Apollo Global Management, in a bid that surpasses a rival proposal from Castlelake. This development sets up a possible competition between the two US investment funds for control of the airline. The offer from Apollo values EasyJet at 715 pence a share.
Key Facts
- Apollo Global Management made an offer of 715 pence a share for EasyJet Plc, outbidding a rival proposal from Castlelake in the process.
- The offer from Apollo Global Management is a surprise twist in the takeover battle for EasyJet, a UK budget carrier.
- The development sets up a possible competition between Apollo Global Management and Castlelake, two US investment funds, for control of EasyJet Plc.