EasyJet Gets Rival Offer From Apollo that Beats Castlelake Bid

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EasyJet has received a new offer from private equity firm Apollo at 715 pence per share, which exceeds a rival proposal from Castlelake. This development has triggered a bidding war between the two American private-equity investors for the British low-cost airline. The competing bids create a surprise competition for the acquisition of EasyJet Plc, as Apollo attempts to top the previous offer made by the rival group to secure the UK budget carrier.
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