Branch² Intelligence
Apollo trumps Castlelake with $7.65 billion easyJet bid - London South East
Key takeaway
Apollo bids $7.65bn for easyJet, topping Castlelake's offer.
- Step 1Apollo bids $7.65bn for easyJet, topping Castlelake's offer.
- Step 2easyJet shareholders receive a premium; management likely engages with Apollo, potentially leading to a sale or higher bid.
- Step 3The bid re-rates the European airline sector, benefiting competitors and suppliers, while increasing M&A speculation.
Source: LSE News
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