EasyJet Aligns Apollo and Castlelake Deadlines as Bidding War Nears Climax
17 Articles
17 Articles
Castlelake has until Friday to counter Apollo's $7.7B bid for EasyJet
The Minneapolis-based investment firm originally had until Aug. 3 to respond after Apollo Global Management submitted a higher bid. EasyJet's board requested the extension to align timelines for both bidders.
Castlelake initially had until Monday to improve the bid of £6.90 (8.08) per share or withdraw from the race by the company, after EasyJet had considered Apollo's offer, valued at £7.15 per share (8.38) more favorable.
EasyJet extended the deadline for Castlelake's proposal until Friday (7), aligning it with that of rival Apollo Global and giving both contenders until the end of the week to submit a binding offer by the airline or to give up the business. Exclusive material for subscribers. To have full access, access the link of the subject and register.
easyJet sets up dramatic deadline day finale for takeover
A dramatic deadline day finale looms after easyJet extended the date at which potential owner Castlelake can make an improved offer to takeover the low-cost carrier. On August 3, 2026, easyJet extended Castlelake’s ‘put-up or shut-up’ deadline date to match with Apollo Management’s offer deadline. Initially, Castlelake had until 17:00, local time, on August 3, 2026, to submit an acquisition offer that rivaled that of Apollo. easyJet said both Ca…
Bidding war for easyJet enters final stretch as Castlelake deadline extended
EasyJet on Monday extended the deadline for suitor Castlelake to decide whether to make a firm takeover offer, bringing it into line with the deadline facing Apollo (APO.N) as the bidding war for the budget carrier enters a decisive week. Here are some details: The UK Takeover Panel consented to…
EasyJet aligns Apollo and Castlelake deadlines as bidding war nears climax
Aug 3 (Reuters) - EasyJet on Monday extended the deadline for suitor Castlelake to decide whether to make a firm takeover offer, bringing it into line with the deadline facing Apollo as the bidding war for the budget carrier enters a decisive week. H...
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