EasyJet dismisses US takeover plan

easyJet has rejected a potential £3 billion takeover bid from US private credit firm Castlelake, which has already acquired a 2.14% stake. The airline called the bid “highly opportunistic,” citing current market conditions impacted by geopolitical events and fuel prices. Shares in easyJet increased significantly following the news of the interest, reaching their highest level in three months. Castlelake has until late June to decide on making a formal offer.

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