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EasyJet shares fall before Castle Lake bid deadline
British airline "EasyJet's" shares declined by approximately 7% over the past week ahead of the final deadline for a takeover bid from "Castle Lake." Concerns are mounting about the deal's potential failure after the company rejected previous offers and expressed reservations about its latest offer of £4.93 billion. "Castle Lake" is required to submit a formal bid by July 5th or withdraw, and this decline in shares suggests slim chances of the deal materializing. The company remains a potential acquisition target due to its low valuation, large fleet of aircraft, and international routes.
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