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Mon, 22 Jun 2026

Mon, 22 Jun 2026 EasyJet says US bidder trying to buy it 'on the cheap' as it rejects £4.7bn offer

The airline describes the latest bid approach from Castlelake as "highly opportunistic".
EasyJet has rejected a £4.74bn takeover bid from US investment firm Castlelake, accusing it of trying to acquire the airline at a low price. The carrier claims its share price was temporarily depressed due to the Iran war's impact on the travel sector. EasyJet argues that Castlelake's offer of 625p per share is not genuine and offers "highly opportunistic" value. In response, Castlelake has made details of its proposal public, allowing shareholders to assess it. The firm claims its latest bid provides a 24% premium over last Friday's closing price. However, EasyJet remains unconvinced, stating that the proposed ownership structure is "opaque" and lacks transparency.