EasyJet agrees to £5.7bn takeover by Apollo after Castlelake withdraws
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.
Coverage (11)
- Apollo EasyJet Takeover Deal Reached at $7.7 Billion - AirGuide.info :: AirGuide Business – Aviation and Travel Business News + AirGuide Destinations – Airline and Travel News, Latest Aviation, Airlin (airguide.info)
- EasyJet Accepts £5.7 Billion Apollo Takeover: What To Expect (businesstraveller.com)
- EasyJet agrees $7.7 billion takeover by Apollo as Castlelake walks away (reuters.com)
- EasyJet agrees to £5.7bn takeover by US firm (bbc.co.uk)
- EasyJet agrees £5.7bn takeover by US equity firm Apollo (businesstravelnewseurope.com)
- Stelios Backs Apollo's £5.4bn easyJet Takeover Bid (paddleyourownkanoo.com)
- EasyJet agrees to £5.7bn takeover by US firm (bbc.co.uk)
- EasyJet's flight path from airline disruptor to US-led Apollo takeover (reuters.com)
- easyJet: Apollo To Acquire Airline For £5.7 Billion In Recommended Cash Deal (pulse2.com)
- EasyJet agrees to £5.7bn takeover by US private equity firm (theguardian.com)
- Apollo agrees to buy UK airline EasyJet in $7.7 billion deal as Castlelake withdraws (cnbc.com)