Agreement in principle with Castlelake follows several rejected offers and means UK’s biggest low-cost carrier will be taken private
EasyJet has agreed a £5bn takeover by US investment firm Castlelake that will see Britain’s biggest low-cost airline taken private.
The companies announced an agreement in principle on Sunday evening in a statement to the stock market, and requested an extension to a deadline to complete the deal formally. The agreement came after weeks of negotiations and several rejected offers.
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This article was originally published by The Guardian and written by Jasper Jolly.
Read original article on The Guardian