easyJet rejects Castlelake’s $6.3bn takeover bid as undervaluation claim escalates
U.S. investment firm Castlelake has disclosed a £4.7 billion ($6.3 billion) non-binding offer to fully acquire easyJet, priced at £6.25 ($6.2bn) per share. easyJet’s board unanimously rejected the latest approach, arguing the bid is highly opportunistic and significantly undervalues the airline after three proposals were turned down.