Friday, July 10
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Topic: apollo

An easyJet Airbus A320 aircraft at Manchester Airport (file image)
Business
Friday, 7/10, 07:44 AM

EasyJet Shares Jump as Apollo Tops a Rival Bid for the Airline

  • Shares in EasyJet rose sharply after the budget airline said it was minded to recommend a takeover proposal from the US private equity firm Apollo, worth about £5.7 billion, in preference to a rival bid from Castlelake.
  • Neither approach is a firm offer yet, setting up a possible contest for the carrier.

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