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Apollo tops Castlelake with £5.7bn easyJet bid

privateequitywire

1 week ago

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Apollo Global Management has emerged as a bidder for easyJet, submitting a £5.7bn takeover proposal that exceeds the latest offer from rival private equity firm Castlelake and intensifies the battle for control of the UK low-cost airline, according to a report by Bloomberg.
The firm’s all-cash proposal values EasyJet at 715 pence per share, surpassing Castlelake’s most recent 690 pence-per-share bid.
In a statement issued on Friday, EasyJet said Apollo’s offer represented a superior proposal and...

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