The US private equity firm's offer tops a rival bid from Castlelake, with a formal proposal due by August 7
EasyJet Agrees to £5.7bn Takeover Bid from Apollo
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Summary
EasyJet agrees to rival £5.7bn takeover bid by US giant Apollo. Easyjet on Sunday had agreed in principle to a £5.5billion takeover bid from US investor Castlelake before receiving an improved offer from Apollo on Wednesday. Apollo must announce a firm offer for Easyjet by August 7 or walk away.
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EasyJet agrees to rival £5.7bn takeover bid by US giant Apollo.
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Easyjet on Sunday had agreed in principle to a £5.5billion takeover bid from US investor Castlelake before receiving an improved offer from Apollo on Wednesday.
according to Daily Mail +1Apollo must announce a firm offer for Easyjet by August 7 or walk away.
according to Daily Mail +1
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EasyJet agrees to rival £5.7bn takeover bid by US giant Apollo.
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