easyJet has extended the deadline for Castlelake to decide whether to make a formal takeover offer, giving the private equity-backed bidder until 7 August to match the timetable already set for rival suitor Apollo Global Management, according to a report by the Wall Street Journal.
The extension aligns the deadlines for both parties, allowing each bidder until the end of the week to either submit a firm offer for the UK-listed airline or withdraw from the process.
The move follows Apollo’s impro...
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