EasyJet rebuffs higher £4.93bn proposal from US investment fund (opens original article in a new tab)

EasyJet rejected a higher £4.93 billion proposal from Castlelake but extended the deadline for a more attractive offer, citing concerns about the proposal's value and ownership structure.

• EasyJet rejected a £4.93 billion proposal from Castlelake and extended the deadline for a more attractive offer
• Castlelake's fourth proposal of £6.50 per share was deemed undervaluing by EasyJet's board
• EasyJet remains focused on achieving £1 billion in pre-tax profits and has concerns about Castlelake's ownership structure