EasyJet Agrees to Castlelake’s £5.2 Billion Takeover Offer

EasyJet Plc has agreed in principle to a fifth takeover offer submitted by Castlelake LP. The deal is valued at £5.2 billion, with the acquisition price set at £6.90 per share in cash. Both companies confirmed the agreement in a joint statement released on Sunday. This latest bid represents a sweetened offer from Castlelake LP to acquire the airline, marking a significant step forward in the proposed takeover process for the aviation company.