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Home›US Markets›M&A & Deals›easyJet surges after rival takeover bids from Apollo a…

easyJet surges after rival takeover bids from Apollo and Castlelake

EasyJet shares jumped 13% after Apollo and Castlelake submitted competing takeover offers, with the company weighing the $7.7 billion bid.

Reported · Written up by our desk · M&A & Deals

easyJet shares rose about 13% as the budget airline weighed a takeover bid environment that has drawn competing offers, according to CNBC Markets.

CNBC World reported that Apollo and Castlelake both submitted takeover offers, setting up a bidding war for easyJet.

The reporting cites a $7.7 billion rival takeover bid from Apollo as part of the range of offers easyJet is considering.

Investors appeared to react immediately to the possibility of multiple bidders, driving the sharp move in the stock.

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Sources

CNBC MarketsEasyJet pops 13% as airline weighs $7.7 billion rival takeover bid from Apollo
CNBC WorldEasyJet pops 13% as airline weighs $7.7 billion rival takeover bid from Apollo

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