Euronews
Europe · 6 hrs ago
✦ 78✓ Factual
EasyJet shares rally as Castlelake weighs possible takeover offer
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EasyJet's share price surged over 12% after investment firm Castlelake indicated it was considering making a takeover offer for the budget airline, which has faced headwinds from rising fuel costs and Middle East tensions.
EasyJet shares rally as Castlelake weighs possible takeover offer
The budget airline's stock rose more than 12% after Castlelake said it was considering a possible offer. Prior to the rally, easyJet shares had fallen by around 23% over the past year against a backdrop of higher fuel costs and uncertainty linked to tensions in the Middle East.
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