Airline’s board ‘minded to recommend’ deal – after agreeing in principle to accept rival one from CastlelakeNils Pratley: two bidders are better than oneThe board of easyJet has given the green light to a possible £5.7bn offer from the US private equity firm Apollo, as the low-cost airline becomes the subject of a surprise bidding war.The company’s board said on Friday that it was “minded to recommend” the potential all-cash offer, which values the business at £7.15 a share, to shareholders. Continue reading...
Airline’s board ‘minded to recommend’ deal – after agreeing in principle to accept rival one from Castlelake
The board of easyJet has given the green light to a possible £5.7bn offer from the US private equity firm Apollo, as the low-cost airline becomes the subject of a surprise bidding war.
The company’s board said on Friday that it was “minded to recommend” the potential all-cash offer, which values the business at £7.15 a share, to shareholders.
Continue reading...
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