EasyJet has rejected a fresh takeover bid from US investor Castlelake, but has on this occasion agreed to share "limited commercial information" with the firm in the hope of attracting a better offer.
EasyJet has rejected a fourth takeover bid from US firm Castlelake
Castlelake's latest proposal – its fourth – was for £6.50 a share, up from the £6.25 a share it offered earlier this week, which would value easyJet at just shy of £5 billion.
EasyJet said the fourth proposal still "substantially undervalued" the carrier and its prospects, and continued to "give rise to significant questions of deliverability". It has been unanimously rejected by easyJet's board.
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