EasyJet says US takeover bid would be ‘highly opportunistic’
Key points
- EasyJet has called a potential £3bn bid by a US investment group “highly opportunistic” as shares in the airline shot up to their highest level in three months on news of the takeover interest.
- The US private credit firm Castlelake said on Friday it was considering a takeover offer for the airline.
- On Monday, it said it had already bought a 2.14% stake in the business and its offer would value easyJet at least at 403p a share, or about £3bn overall.
- However, easyJet hit out at its potential buyer, saying it was “highly opportunistic timing”, as the airline’s share price was “temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices”.
- Before news of takeover interest emerged, shares in easyJet had lost about a fifth of their value since the start of the year.
Quick Summary
EasyJet has called a potential £3bn bid by a US investment group “highly opportunistic” as shares in the airline shot up to their highest level
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to EasyJet says US takeover bid would be ‘highly opportunistic’.
Key Takeaways
- EasyJet has called a potential £3bn bid by a US investment group “highly opportunistic” as shares in the airline shot up to their highest level in three months on news of the takeover interest.
- The US private credit firm Castlelake said on Friday it was considering a takeover offer for the airline.
- On Monday, it said it had already bought a 2.14% stake in the business and its offer would value easyJet at least at 403p a share, or about £3bn overall.
- However, easyJet hit out at its potential buyer, saying it was “highly opportunistic timing”, as the airline’s share price was “temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices”.
- Before news of takeover interest emerged, shares in easyJet had lost about a fifth of their value since the start of the year.
📌 Source: The Guardian
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