Article #40040

Airline’s shares hit highest level in three months as investment group Castlelake says it is considering offer

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EasyJet has called a potential £3bn bid by a US investment group “highly opportunistic” as shares in the airline shot up to their highest level in three months on news of the takeover interest.

The US private credit firm Castlelake said on Friday it was considering a takeover offer for the airline. On Monday, it said it had already bought a 2.14% stake in the business and its offer would value easyJet at least at 403p a share, or about £3bn overall.