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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 £4.74 billion takeover offer from US investment firm Castlelake, calling it "highly opportunistic".
* The airline claims Castlelake is trying to buy EasyJet at a low price due to its share price being temporarily depressed by global events.
* Castlelake's latest bid offers 625p per share, a 24% premium to last Friday's closing price.
* The US firm has proposed an ownership structure that would involve partnering with two EU nationals to comply with European Union regulations.
* EasyJet has accused the proposed ownership structure of being "opaque" and lacking detail on how the takeover plan would work.
* Castlelake must make a firm offer or withdraw its bid by this Friday under UK takeover rules.