Apollo trumps Castlelake with $7.65 billion easyJet bid

easyJet agreed in principle to Apollo Global’s £5.7B ($7.65B) takeover approach, valuing the deal at £7.15 per share. The proposed bid size suggests a likely material repricing versus the current equity value, making this a significant stock-specific and sector-relevant development.

Analysis

easyJet agreed in principle to Apollo Global’s £5.7B ($7.65B) takeover approach, valuing the deal at £7.15 per share. The proposed bid size suggests a likely material repricing versus the current equity value, making this a significant stock-specific and sector-relevant development.