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Business & Finance

EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid

The Guardian Business Monday 06 July 2026, 16:38 UTC By Gwyn Topham Transport correspondent 1 min read
Key Points

Airline’s board to recommend offer of £6.90 a share in deal analysts say shows UK firms are being bought on the cheapShares in easyJet surged nearly 10% after the airline agreed to a £5.5bn takeover at the fifth attempt, but analysts said that it showed UK firms were being bought on the cheap. The low-cost carrier’s board will recommend shareholders accept an offer price of £6.90 a share from Castlelake, a US private equity firm, after rejecting four previous bids of as little as £5.60 per...

Airline’s board to recommend offer of £6.90 a share in deal analysts say shows UK firms are being bought on the cheap

Shares in easyJet surged nearly 10% after the airline agreed to a £5.5bn takeover at the fifth attempt, but analysts said that it showed UK firms were being bought on the cheap.

The low-cost carrier’s board will recommend shareholders accept an offer price of £6.90 a share from Castlelake, a US private equity firm, after rejecting four previous bids of as little as £5.60 per share. EasyJet shares closed at 610p on Monday.

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EasyJet (ORG) Airline (ORG) UK (LOCATION) Castlelake (ORG) US (LOCATION)
Originally published by The Guardian Business Read original →

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