The GuardianLean L·
EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid
Airline’s board to recommend offer of £6.90 a share in deal analysts say shows UK firms are being bought on the cheap Shares in easyJet surged nearly 10% after the airline agreed to a £5.5bn takeover at the fifth attempt, but analysts said that it showed UK firms were being bought on the cheap. The low-cost carrier’s board will recommend shareholders accept an offer price of £6.90 a share from Castlelake, a US private equity firm, after rejecting four previous bids of as little as £5.60 per sha…
Read at The Guardian →