EasyJet has agreed a £5.7 billion takeover proposal with US investor Apollo, days after accepting a £5.2 billion bid from rival suitor Castlelake.
EasyJet has accepted a rival offer worth £5.7 billion
Apollo, which agreed a deal to acquire Trafalgar, Contiki and Uniworld parent The Travel Corporation in 2024, has upped the ante with an offer worth £7.15 per share.
As a result, easyJet's board said it was "no longer minded" to recommend Castlelake's £6.90 per share proposal, which was agreed in principle earlier this week.
Get unlimited access to the latest travel industry news and analysis, comment on articles and sign up to newsletters.
Register for free
Already registered? Login here or below.
Having difficulty logging in? Try these tips, or contact support@ttgmedia.com
