EasyJet opens talks with Castlelake after rejecting £4.9bn takeover offer (opens original article in a new tab)

EasyJet rejected a £4.9bn takeover offer from Castlelake but is opening its books to potentially receive a higher bid, with the firm having until 5 July to improve its offer.

• EasyJet rejected a £4.9bn takeover offer from Castlelake, citing undervaluation and concerns about deliverability.
• EasyJet is opening its books to Castlelake in hopes of a higher bid, with a deadline of 5 July for an improved offer.
• Castlelake has added Brookfield Asset Management and two Irish aviation executives to its bidding vehicle, with a proposed ownership structure of 49% Castlelake and 51% EU nationals.