EasyJet declines £4.7bn bid from Castlelake

EasyJet has rejected a £4.74 billion takeover bid from US investment firm Castlelake, which described the offer as "highly opportunistic." Castlelake made three approaches this month and publicly disclosed its latest offer, proposing shareholders receive 625p per share—a 24% premium. The firm aims to support EasyJet as a stronger, EU-controlled airline and has proposed an ownership structure to meet European regulations.

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