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EasyJet rises 10% on takeover deal
The shares of the British low-cost airline "EasyJet" jumped by more than 10% after receiving preliminary approval for a takeover offer valued at £5.5 billion (approximately $7.3 billion) from the American investment firm "Castle Lake." This comes after a previous offer of £4.93 billion was rejected. The new proposal includes a cash payment of £6.90 per share. "Castle Lake" has until August 3 to submit a final bid or withdraw, at a time when the global airline industry is facing increasing pressure from rising fuel prices stemming from the Middle East conflict, with expectations that airline profits could be halved this year.
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