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EasyJet shares rally as Castlelake weighs possible takeover offer

The budget airline's stock rose more than 12% after Castlelake said it was considering a possible offer. Prior to the rally, easyJet shares had fallen by around 23% over the past year against a backdrop of higher fuel costs and uncertainty linked to tensions in the Middle East. British low-cost airline easyJet said it had noted possible takeover interest from US-based private investment firm Castlelake, in a statement released on Monday.

Euronews 9d ago

Private credit firm Castlelake explores bid for easyJet

Castlelake, a private credit firm, is reportedly exploring a bid for easyJet, a UK-listed budget airline. This potential takeover would result in another UK-listed company being removed from the stock market. The move is seen as a significant development in the airline industry, with potential implications for the company's future operations and financial performance.

Financial Times 11d ago

Castlelake: the private credit lender taking a run at easyJet

The $37bn investment manager is little known in the UK, but that could change if it bids on the British budget carrier

Financial Times 8d ago

Castlelake to hunt partner on easyJet bid to navigate EU ownership rules

US private credit group would be bound by rules requiring airline to be majority owned by EU nationals

Financial Times 8d ago

Why does Castlelake want to buy easyJet?

Budget carrier has large fleet and expensive airport slots, while its share price has been hit by Iran crisis

Financial Times 11d ago

EasyJet issues statement on possible takeover bid from US company

EasyJet issues statement on possible takeover bid from US company EasyJet said interest from US-based investment firm Castlelake emerged as its shares came under pressure over the Iran conflict's impact on fuel costs and travel demand EasyJet has dismissed a possible takeover deal from a major US investment firm, branding it "highly opportunistic" and insisting no discussions had taken place between the two sides. The budget airline said interest from Castlelake emerged as its shares came...

Daily Mirror 9d ago

easyJet responds to takeover rumours from US investment giant

easyJet responds to takeover rumours from US investment giant The budget airline said it is in a strong financial position - Bookmark - CommentsGo to comments Budget airline easyJet has branded a possible takeover approach from US investment fund Castlelake as "highly opportunistic", confirming it has not held talks with the firm. Private credit company Castlelake revealed late on Friday, after the London stock market close, that it was in the early stages of considering an offer for...

The Independent World 9d ago

EasyJet is an obvious takeover target, but US approach may not be a flyer | Nils Pratley

Castlelake’s move raises questions over valuation and ownership rules as well as whether Stelios Haji-Ioannou could throw a spanner in the worksEasyJet says US takeover bid would be ‘highly opportunistic’A share price gain of only 10% on a possible takeover approach is a meek reaction. If the stock market truly believed that Castlelake, a US investment fund, stood a decent chance of buying easyJet, you would expect the target’s stock to fly significantly higher. Scepticism is the right...

The Guardian Business 8d ago

EasyJet is an obvious takeover target, but US approach may not be a flyer | Nils Pratley

Castlelake’s move raises questions over valuation and ownership rules as well as whether Stelios Haji-Ioannou could throw a spanner in the worksEasyJet says US takeover bid would be ‘highly opportunistic’A share price gain of only 10% on a possible takeover approach is a meek reaction. If the stock market truly believed that Castlelake, a US investment fund, stood a decent chance of buying easyJet, you would expect the target’s stock to fly significantly higher. Scepticism is the right...

The Guardian UK 8d ago