City AM
UK · 1 hrs ago
Apollo trumps Castlelake to buy Easyjet for £5.7bn
Apollo has agreed to buy budget airline Easyjet for £5.7bn in a shock deal that usurps an earlier bid from alternative asset manager Castlelake. Easyjet said on Friday that it had accepted an all-cash offer from the US investment behemoth valuing the airline at 714p a share, trumping the 690p a share bid it received [...]
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