EasyJet agrees £5.7bn takeover by private equity giant Apollo
Easyjet is set to be taken over by private equity giant Apollo after its main rival pulled out of a long-running bidding war for the budget airline.
Airways
easyJet Backs Firm £5.7 Billion Apollo Takeover Offer
Jet’s board recommends Apollo’s £7.15-per-share cash offer after Castlelake withdrew from the takeover contest.
Breaking Travel News
EasyJet’s £5.7bn Takeover: What Apollo’s Arrival Could Mean for One of Europe’s Biggest Airlines
The familiar orange airline is preparing to enter a new era. EasyJet has agreed to a £5.7 billion takeover by US private equity giant Apollo Global Management, bringing one of Britain’s best-known aviation brands under private ownership and raising a bigger question: what happens when private equity takes control of a low-cost airline built on scale,
EasyJet agrees in principle to rival £5.7bn takeover bid
The airline says a bid from US firm Apollo has trumped a previous potential takeover offer from Castlelake.
Apollo snaps up Easyjet after Castlelake walks away
Apollo has moved one step closer to taking control of Easyjet, after rival bidder Castlelake pulled out of the bidding process.
easyJet extends Castlelake put-up-or-shut-up deadline to Friday
The Luton, England-based budget airline said the UK Takeover Panel has approved moving Castlelake's "put up or shut up" deadline from Monday to 1700 BST on Friday. This aligns the deadlines for both Castlelake and Apollo to announce their intentions to make firm offers for easyJet.