EasyJet has agreed to enter discussions with Castlelake after rejecting a fourth takeover proposal from the US private credit manager, saying that granting the firm access to limited commercial information could lead to an improved offer, according to a report by the FT.
The airline said Castlelake’s latest proposal, valuing the business at approximately £4.9 billion, or 650p per share, substantially undervalued the company and raised concerns over the proposed ownership structure. However, easy...
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