Article #58158

Investment company Castlelake made bid public for shareholders to evaluate but carrier describes offer as ‘cheap’

The US investment firm trying to buy easyJet has gone public with its latest £4.7bn takeover proposal for the budget airline, its third and latest offer to be rejected.

Castlelake said on Monday that an all-cash offer of 625p a share, valuing easyJet at just over £4.7bn, had been rejected by the airline’s board on Sunday, following previous offers at 560p and 600p.