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Apollo Investment raises takeover offer for easyJet to 715 pence per share
Apollo Investment Company has raised its bid to acquire the UK low-cost airline EasyJet from 690 pence to 715 pence per share, making the offer more attractive and increasing the likelihood of it being approved. EasyJet confirmed that the new offer is better than the previous one and that it no longer recommends accepting the bid from Castle Lake, which is currently offering £6.90 per share. These developments come after the company's rejection of an earlier offer worth £4.39 billion, with expectations that Castle Lake may make a higher bid.
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