US firm goes public with £4.7bn proposal to buy easyJet after earlier bids rejected (opens original article in a new tab)

A US investment firm has made a £4.7bn takeover offer for easyJet, which the airline's board has rejected, citing undervaluation and opportunism, as the firm partners with EU investors to meet regulatory requirements.

• US firm Castlelake proposes £4.7bn all-cash takeover of easyJet at 625p per share, its third offer rejected by the airline's board
• Castlelake partners with EU-based investors to comply with European ownership rules for airlines
• easyJet's board criticizes the proposal as opportunistic and undervaluing the airline's prospects
• Takeover deadline for Castlelake is 26 June, with easyJet's share price rising 36% amid takeover speculation