bbc.co.uk

EasyJet agrees to £5.7bn takeover by Apollo after Castlelake withdraws

Apollo Global Management logoApollo Global Management
Sig4.22Sen+4.73Env+0.10Soc+0.90Gov+1.17
easyJet logoeasyJet
Sig4.29Sen+2.30Env+0.02Soc-0.29Gov+0.49

EasyJet has agreed to a £5.7bn takeover by US firm Apollo after rival bidder Castlelake withdrew. Under Apollo’s offer, EasyJet shareholders will receive £7.15 per share. Apollo said it does not plan to cut staff for at least 12 months after completion, though jobs tied to EasyJet’s public-listed operations could be affected if the company delists and becomes private.

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