EasyJet Rejects Sweetened Castlelake Offer, Questions Ownership

EasyJet Plc has rejected a sweetened takeover offer from US investment firm Castlelake LP, valued at £6.50 per share. This marks the fourth time the discount carrier has turned down an approach from the US private credit group. Despite rejecting the £4.9bn bid submitted on Tuesday, the budget airline remains in talks with Castlelake. EasyJet has raised questions regarding the ownership structure associated with the proposal while maintaining its current operational independence.